Boxley Music Fund

Analysis

Boxley Music Fund is a registered charity in United States, based in North Bend, WA. It received its IRS tax-exemption ruling in December 2011, 15 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 September 2023, Boxley Music Fund reported income of $166k and spending of $179k, spending 108% of what it took in. Across the 4 years on record, from September 2019 to September 2023, income fell from $168k to $166k (-1.2%), an average of -0.4% a year. The sharpest change came in the year to September 2022, when income rose by 124%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Boxley Music Fund sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 46th percentile within WA. Charities of a similar size with the same main cause include Ronald Reagan Home Preservation Foundation ($166k), Pacific Northwest Truck Museum ($166k) and Santa Paula Theater Center Inc ($166k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 30% and program service revenue 47% of the total. At year end it held assets of $102k against liabilities of $0, net assets of $102k.