Newtown High School Band Parents Corp

Analysis

Newtown High School Band Parents Corp is a registered charity in United States, based in Newtown, CT. It received its IRS tax-exemption ruling in October 1977, 49 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Newtown High School Band Parents Corp reported income of $74k and spending of $86k, spending 116% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income grew from $55k to $74k (+34%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Newtown High School Band Parents Corp sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within CT. Charities of a similar size with the same main cause include Cambrian Symphony ($74k), Summer Place ($74k) and Sense of Wonder Creations Inc ($74k).

At year end it held assets of $132k against liabilities of $6,372, net assets of $126k.