New Holland Band

Analysis

New Holland Band is a registered charity in United States, based in New Holland, PA. It received its IRS tax-exemption ruling in November 1977, 49 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 December 2022, New Holland Band reported income of $112k and spending of $138k, spending 123% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $84k to $112k (+33%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 227%. Over the whole period it spent 54% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Holland Band sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within PA. Charities of a similar size with the same main cause include Waunakee Rotary Foundation Inc ($112k), Horn of Africa Development and Education Foundation ($112k) and Trinity Lutheran Foundation ($112k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 46% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $13k (9.5% of expenses). Other salaries and wages came to $20k. At year end it held assets of $920k against liabilities of $3,335, net assets of $916k.