Chatfield Brass Band Inc

Analysis

Chatfield Brass Band Inc is a registered charity in United States, based in Chatfield, MN. It received its IRS tax-exemption ruling in April 1973, 53 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Chatfield Brass Band Inc reported income of $95k and spending of $64k, leaving 33% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $79k to $95k (+20%), an average of +4.8% a year. The sharpest change came in the year to September 2022, when income rose by 54%. Over the whole period it spent 130% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chatfield Brass Band Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 33rd percentile within MN. Charities of a similar size with the same main cause include Japanese American Citizens League ($95k), Chino Kiwanis Foundation ($95k) and NJ Run for the Fallen Inc ($95k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 62% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $14k (22% of expenses). Other salaries and wages came to $13k. At year end it held assets of $776k against liabilities of $0, net assets of $776k. It reported 4 employees.