Pequannock Township High School Association of Music Parents

Analysis

Pequannock Township High School Association of Music Parents is a registered charity in United States, based in Pompton PLNS, NJ. It received its IRS tax-exemption ruling in March 1968, 58 years ago. 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 2023, Pequannock Township High School Association of Music Parents reported income of $352k and spending of $334k, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $283k to $352k (+24%), an average of +5.6% a year. The sharpest change came in the year to June 2022, when income rose by 215%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pequannock Township High School Association of Music Parents 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 Rhode Island Masonic Youth Foundation Inc ($352k), Suburban Journals Old Newsboys Fund for Children ($352k) and United Way of Athens and Limestone County Inc ($352k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.8% and program service revenue 80% of the total. Other salaries and wages came to $34k. At year end it held assets of $98k against liabilities of $0, net assets of $98k.