Brightmusic Society Of Oklahoma
Brightmusic Society Of Oklahoma maintains strong solvency with zero liabilities, despite recent operational deficits.
EIN: 205593297 · Oklahoma City, OK · NTEE: A68 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $70K |
| Total Expenses | $77K |
| Program Spending | 90% |
| Net Assets | $49K |
| Transparency Score | 85/100 |
Is Brightmusic Society Of Oklahoma Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Brightmusic Society Of Oklahoma directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Brightmusic Society Of Oklahoma
Brightmusic Society Of Oklahoma (EIN: 205593297) is a nonprofit organization based in Oklahoma City, OK, classified under NTEE code A68. The organization reported total revenue of $70K and total assets of $39K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Brightmusic Society Of Oklahoma's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Brightmusic Society Of Oklahoma is a micro nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $70K |
| Total Expenses | $77K |
| Surplus / Deficit | $-7,516 |
| Total Assets | $49K |
| Net Assets | $49K |
| Operating Margin | -10.8% |
| Months of Reserves | 7.7 months |
Financial Health Grade: B
In 2023, Brightmusic Society Of Oklahoma reported a deficit of $8K with expenses exceeding revenue, holds 7.7 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2012–2023), Brightmusic Society Of Oklahoma's revenue has declined at a compound annual growth rate (CAGR) of -2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.4% | -18.6% | -13.2% |
| 2022 | +18.1% | +139.5% | -38.5% |
| 2021 | -22.1% | -5.4% | +13.1% |
| 2020 | -20.7% | -45.2% | +38.5% |
| 2019 | -15.7% | -8.3% | +9.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Brightmusic Society Of Oklahoma with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Brightmusic Society Of Oklahoma allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $8K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for a nonprofit of this size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Brightmusic Society Of Oklahoma's IRS 990 filings:
- Expenses exceeded revenue in the last two fiscal periods (2022 and 2023), totaling a deficit of over $43,000.
Strengths
The following positive indicators were identified for Brightmusic Society Of Oklahoma:
- Consistently reports 0% officer compensation, indicating a volunteer-driven leadership.
- Maintains zero liabilities across all reported periods, demonstrating strong financial solvency.
- Healthy asset base, ranging from $31,860 to $92,495, providing financial stability.
- Consistent filing of IRS Form 990s, indicating good transparency.
Frequently Asked Questions about Brightmusic Society Of Oklahoma
Is Brightmusic Society Of Oklahoma a legitimate charity?
Based on AI analysis of IRS 990 filings, Brightmusic Society Of Oklahoma (EIN: 205593297) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Brightmusic Society Of Oklahoma spend its money?
Brightmusic Society Of Oklahoma directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Brightmusic Society Of Oklahoma tax-deductible?
Brightmusic Society Of Oklahoma is registered as a tax-exempt nonprofit (EIN: 205593297). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Brightmusic Society Of Oklahoma's spending goes to programs?
Brightmusic Society Of Oklahoma directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Brightmusic Society Of Oklahoma compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Brightmusic Society Of Oklahoma is above average for NTEE category A68 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Brightmusic Society Of Oklahoma located?
Brightmusic Society Of Oklahoma is headquartered in Oklahoma City, Oklahoma and files with the IRS under EIN 205593297. It is classified under NTEE code A68.
How many years of IRS 990 filings does Brightmusic Society Of Oklahoma have?
Brightmusic Society Of Oklahoma has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $70K in total revenue.
Is Brightmusic Society Of Oklahoma a good charity?
Based on the available data, Brightmusic Society Of Oklahoma appears to be a good charity. It maintains strong financial health with zero liabilities, and its leadership is entirely volunteer-based, ensuring that funds are directed towards its mission rather than executive salaries.
How does Brightmusic Society Of Oklahoma manage its finances?
The organization manages its finances by maintaining a solid asset base (e.g., $49,400 in 2023) and consistently operating without liabilities. While it has experienced recent operational deficits (e.g., $7,516 in 2023), these are covered by its reserves, indicating prudent financial management.
What is the trend in Brightmusic Society Of Oklahoma's revenue and expenses?
Revenue has fluctuated, peaking at $96,784 in 2018 and dipping to $50,389 in 2021. Expenses have also varied, with recent periods (2022 and 2023) showing expenses exceeding revenue by $35,579 and $7,516 respectively, a shift from earlier periods where revenue often exceeded expenses.
Filing History
IRS 990 filing history for Brightmusic Society Of Oklahoma showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2023), Brightmusic Society Of Oklahoma's revenue has declined by 25.7%, moving from $94K to $70K. Total assets increased by 29.2% over the same period, from $38K to $49K. Total functional expenses rose by 11.9%, from $69K to $77K. In its most recent filing year (2023), Brightmusic Society Of Oklahoma reported a deficit of $8K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $70K | $77K | $49K | $0 | — | View 990 |
| 2022 | $60K | $95K | $57K | $0 | — | — |
| 2021 | $50K | $40K | $92K | $0 | — | — |
| 2020 | $65K | $42K | $82K | $0 | — | — |
| 2019 | $82K | $77K | $59K | $0 | — | View 990 |
| 2018 | $97K | $84K | $54K | $0 | — | View 990 |
| 2017 | $86K | $85K | $40K | $0 | — | View 990 |
| 2016 | $86K | $74K | $44K | $0 | — | View 990 |
| 2015 | $76K | $83K | $32K | $0 | — | View 990 |
| 2014 | $78K | $75K | $38K | $0 | — | View 990 |
| 2013 | $5K | $630 | $35K | $0 | — | View 990 |
| 2013 | $79K | $87K | $31K | $0 | — | View 990 |
| 2012 | $94K | $69K | $38K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $70K, expenses of $77K, and assets of $49K (revenue +17.4% year-over-year).
- 2022: Revenue of $60K, expenses of $95K, and assets of $57K (revenue +18.1% year-over-year).
- 2021: Revenue of $50K, expenses of $40K, and assets of $92K (revenue -22.1% year-over-year).
- 2020: Revenue of $65K, expenses of $42K, and assets of $82K (revenue -20.7% year-over-year).
- 2019: Revenue of $82K, expenses of $77K, and assets of $59K (revenue -15.7% year-over-year).
- 2018: Revenue of $97K, expenses of $84K, and assets of $54K (revenue +12.0% year-over-year).
- 2017: Revenue of $86K, expenses of $85K, and assets of $40K (revenue +1.0% year-over-year).
- 2016: Revenue of $86K, expenses of $74K, and assets of $44K (revenue +12.6% year-over-year).
- 2015: Revenue of $76K, expenses of $83K, and assets of $32K (revenue -2.7% year-over-year).
- 2014: Revenue of $78K, expenses of $75K, and assets of $38K (revenue +1344.8% year-over-year).
- 2013: Revenue of $5K, expenses of $630, and assets of $35K (revenue -93.2% year-over-year).
- 2013: Revenue of $79K, expenses of $87K, and assets of $31K (revenue -15.6% year-over-year).
- 2012: Revenue of $94K, expenses of $69K, and assets of $38K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Brightmusic Society Of Oklahoma:
Data Sources and Methodology
This transparency report for Brightmusic Society Of Oklahoma is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.