Mt Vernon Music Boosters Ltd

Analysis

Mt Vernon Music Boosters Ltd is a registered charity in United States, based in Fortville, IN. It received its IRS tax-exemption ruling in February 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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 April 2024, Mt Vernon Music Boosters Ltd reported income of $217k and spending of $225k, spending 104% of its income. Across the 6 years on record, from April 2019 to April 2024, income grew from $176k to $217k (+24%), an average of +4.3% a year. The sharpest change came in the year to April 2022, when income rose by 138%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mt Vernon Music Boosters Ltd sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within IN. Charities of a similar size with the same main cause include Academy of Forensic Nursing ($217k), Mindful Birthing & Parenting Foundation ($217k) and Foundation for Mechanical Insulation Education Training & in ($217k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 26% and program service revenue 74% of the total. At year end it held assets of $115k against liabilities of $0, net assets of $115k.