Wakefield Music Boosters Association Inc

Analysis

Wakefield Music Boosters Association Inc is a registered charity in United States, based in Wakefield, MA. It received its IRS tax-exemption ruling in March 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Wakefield Music Boosters Association Inc reported income of $74k and spending of $110k, spending 150% of what it took in. Across the 3 years on record, from June 2019 to June 2023, income fell from $196k to $74k (-63%), an average of -39% a year. The sharpest change came in the year to June 2023, when income rose by 123%. Over the whole period it spent 67% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wakefield Music Boosters Association Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 37th percentile within MA. Charities of a similar size with the same main cause include Global Destiny Builders Inc ($74k), Lift Womens Foundation ($74k) and American Cheese Education Foundation ($74k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 4.0% of the total. At year end it held assets of $218k against liabilities of $0, net assets of $218k.