Teays Valley Music Boosters

Analysis

Teays Valley Music Boosters is a registered charity in United States, based in Ashville, OH. It received its IRS tax-exemption ruling in August 1993, 33 years ago. 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, Teays Valley Music Boosters reported income of $143k and spending of $151k, spending 105% of what it took in. Across the 3 years on record, from April 2022 to April 2024, income grew from $96k to $143k (+50%), an average of +22% a year. The sharpest change came in the year to April 2023, when income rose by 47%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Teays Valley Music Boosters sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within OH. Charities of a similar size with the same main cause include Society for Values in Higher Education ($143k), Partnership for Sustainable Aid ($143k) and Agricultural Society of Oswego County Inc ($143k).

On its Form 990-EZ for the period ending April 2024, revenue came from contributions and grants 2.9% and program service revenue 97% of the total. At year end it held assets of $122k against liabilities of $0, net assets of $122k.