Connecticut Huricanes Drum & Bugle Corps Inc

Analysis

Connecticut Huricanes Drum & Bugle Corps Inc is a registered charity in United States, based in Seymour, CT. It received its IRS tax-exemption ruling in May 1990, 36 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 December 2023, Connecticut Huricanes Drum & Bugle Corps Inc reported income of $223k and spending of $246k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $167k to $223k (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2021, when income rose by 92%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Connecticut Huricanes Drum & Bugle Corps Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within CT. Charities of a similar size with the same main cause include Elevar Foundation Inc ($223k), Park Theater Foundation Inc ($223k) and Historical Society of the Town of Warwick ($223k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 17% of the total. At year end it held assets of $94k against liabilities of $103k, net assets of -$9,404.