Oye Group Inc

Analysis

Oye Group Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 2020, 6 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Oye Group Inc reported income of $356k and spending of $271k, leaving 24% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $207k to $356k (+72%), an average of +72% a year. The sharpest change came in the year to June 2023, when income rose by 72%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Oye Group Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Your Theatre Inc ($356k), Kona Historical Society ($356k) and Samuel Harrison Society Inc ($356k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 56% and program service revenue 43% of the total. At year end it held assets of $125k against liabilities of $49k, net assets of $76k.