Kent Instrumental Music Boosters

Analysis

Kent Instrumental Music Boosters is a registered charity in United States, based in Kent, OH. It received its IRS tax-exemption ruling in May 2015, 11 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 April 2024, Kent Instrumental Music Boosters reported income of $106k and spending of $111k, spending 105% of its income. Across the 2 years on record, from April 2023 to April 2024, income grew from $84k to $106k (+26%), an average of +26% a year. The sharpest change came in the year to April 2024, when income rose by 26%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kent Instrumental Music Boosters sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 39th percentile within OH. Charities of a similar size with the same main cause include Ponca City Main Street Incorporated ($106k), Brave New World Repertory Theatre ($106k) and Lake Eustis Museum of Art ($106k).

On its Form 990-EZ for the period ending April 2024, revenue came from contributions and grants 17% and program service revenue 77% of the total. At year end it held assets of $12k against liabilities of $0, net assets of $12k.