Local Oklahoma Music Association

Analysis

Local Oklahoma Music Association is a registered charity in United States, based in Edmond, OK. It received its IRS tax-exemption ruling in August 2016, 10 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 December 2023, Local Oklahoma Music Association reported income of $214k and spending of $217k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $128k to $214k (+66%), an average of +66% a year. The sharpest change came in the year to December 2023, when income rose by 66%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Local Oklahoma Music Association sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 57th percentile within OK. Charities of a similar size with the same main cause include Educational Services for Community Schools ($214k), Histiocyte Society ($214k) and Newton Depot Authority ($214k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 83% of the total. At year end it held assets of $43k against liabilities of $2,450, net assets of $40k.