Oregon Coast Music Association

Analysis

Oregon Coast Music Association is a registered charity in United States, based in Coos Bay, OR. It received its IRS tax-exemption ruling in December 1979, 47 years ago. 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 September 2023, Oregon Coast Music Association reported income of $125k and spending of $146k, spending 117% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income fell from $138k to $125k (-9.1%), an average of -9.1% a year. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Oregon Coast Music Association sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within OR. Charities of a similar size with the same main cause include Womans Club of Louisville Charity Fund Inc ($125k), Little League Baseball Inc ($125k) and Association for Supervision and Curriculum Development ($125k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 56% and program service revenue 19% of the total. At year end it held assets of $190k against liabilities of $51k, net assets of $139k.