Troy Music Booster Inc

Analysis

Troy Music Booster Inc is a registered charity in United States, based in Troy, OH. It received its IRS tax-exemption ruling in October 1999, 27 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 June 2023, Troy Music Booster Inc reported income of $158k and spending of $97k, leaving 38% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $82k to $158k (+92%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 701%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Troy Music Booster Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 49th percentile within OH. Charities of a similar size with the same main cause include Laurelwood Preschool Association ($158k), The Boulder Sudbury School ($158k) and Hands of Hope for the Community Inc ($158k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% of the total. At year end it held assets of $264k against liabilities of $5,301, net assets of $259k.