Hoover Performing Arts Boosters

Analysis

Hoover Performing Arts Boosters is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in September 2009, 17 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, Hoover Performing Arts Boosters reported income of $62k and spending of $62k, spending 99% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $52k to $62k (+19%), an average of +19% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hoover Performing Arts Boosters sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 27th percentile within CA. Charities of a similar size with the same main cause include Paramount Theatre Foundation ($62k), Hinesville Area Council for the Arts Humanities & Literature Inc ($62k) and Baler Band Boosters Club ($62k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 76% of the total. At year end it held assets of $60k against liabilities of $0, net assets of $60k.