Southwest Allen County Schools Music Boosters

Analysis

Southwest Allen County Schools Music Boosters is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in March 1972, 54 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 2023, Southwest Allen County Schools Music Boosters reported income of $344k and spending of $340k, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $582k to $344k (-41%), an average of -12% a year. The sharpest change came in the year to June 2022, when income rose by 123%. 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, Southwest Allen County Schools Music Boosters sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within IN. Charities of a similar size with the same main cause include Leela Institute ($344k), Tonality ($344k) and Historical Society of Glastonbury Incorporated ($344k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 25% of the total. At year end it held assets of $217k against liabilities of $9,968, net assets of $207k.