Friends of the Brattleboro Music Center Inc

Analysis

Friends of the Brattleboro Music Center Inc is a registered charity in United States, based in Brattleboro, VT. It received its IRS tax-exemption ruling in July 1953, 73 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, Friends of the Brattleboro Music Center Inc reported income of $950k and spending of $1.1m, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.1m to $950k (-13%), an average of -3.4% a year. The sharpest change came in the year to June 2020, when income dropped by 29%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Brattleboro Music Center Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 76th percentile within VT. Charities of a similar size with the same main cause include Schenectady County Historical ($950k), Lincoln Park Conservancy Inc ($950k) and Openhousenewyork Inc ($950k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 43% of the total. Other salaries and wages came to $240k. At year end it held assets of $6.0m against liabilities of $42k, net assets of $6.0m. It reported 6 employees.