Franklin Music Boosters Inc

Analysis

Franklin Music Boosters Inc is a registered charity in United States, based in Franklin, MA. It received its IRS tax-exemption ruling in May 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, Franklin Music Boosters Inc reported income of $90k and spending of $82k, spending 90% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $73k to $90k (+25%), an average of +24% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Franklin Music Boosters Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 42nd percentile within MA. Charities of a similar size with the same main cause include Illinois Public Airports Association ($90k), Deputy Bill Brewer 2055 Foundation ($90k) and Society of Vacuum Coaters Foundation Inc ($90k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 57% of the total. At year end it held assets of $82k against liabilities of $0, net assets of $82k.