United States Open Music Competition

Analysis

United States Open Music Competition is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in May 2001, 25 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, United States Open Music Competition reported income of $279k and spending of $266k, spending 95% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $269k to $279k (+4.0%), an average of +1.3% a year. The sharpest change came in the year to June 2022, when income rose by 137%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, United States Open Music Competition sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include Salvation Wild Mustang Sanctuary ($279k), Actors Bridge Ensemble Theater of Nashville Inc ($279k) and Appalachian Underground Corrosion Short Course ($279k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $615k against liabilities of $0, net assets of $615k.