The Simi Valley Music Boosters

Analysis

The Simi Valley Music Boosters is a registered charity in United States, based in Simi Valley, CA. It received its IRS tax-exemption ruling in March 1973, 53 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 2024, The Simi Valley Music Boosters reported income of $68k and spending of $95k, spending 140% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $77k to $68k (-11%), an average of -11% a year. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Simi Valley Music Boosters sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 29th percentile within CA. Charities of a similar size with the same main cause include Clinton County Foundation for Youth Inc ($68k), Forney Area United Way ($68k) and Billy Miller Ministries Inc ($68k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 34% and program service revenue 18% of the total. At year end it held assets of $33k against liabilities of $0, net assets of $33k.