Loveland Music Boosters

Analysis

Loveland Music Boosters is a registered charity in United States, based in Loveland, OH. It received its IRS tax-exemption ruling in November 2023, 3 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 June 2023, Loveland Music Boosters reported income of $471k and spending of $501k, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $601k to $471k (-22%), an average of -5.9% a year. The sharpest change came in the year to June 2022, when income rose by 159%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Loveland Music Boosters sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within OH. Charities of a similar size with the same main cause include California Nature Art Museum ($471k), World Fandom ($471k) and Pope County Historical Society ($471k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 19% of the total. At year end it held assets of $257k against liabilities of $8,228, net assets of $248k.