Nutley Music Boosters Associationinc

Analysis

Nutley Music Boosters Associationinc is a registered charity in United States, based in Nutley, NJ. It received its IRS tax-exemption ruling in February 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Nutley Music Boosters Associationinc reported income of $349k and spending of $385k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $251k to $349k (+39%), an average of +8.6% a year. The sharpest change came in the year to December 2022, when income rose by 81%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nutley Music Boosters Associationinc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 70th percentile within NJ. Charities of a similar size with the same main cause include Hermleigh Education Foundation ($348k), Ex Fabula Inc ($349k) and Heartland Swimming Association ($348k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.9% and program service revenue 94% of the total. At year end it held assets of $61k against liabilities of $49k, net assets of $11k.