Brunswick Instrumental Music Boosters Inc

Analysis

Brunswick Instrumental Music Boosters Inc is a registered charity in United States, based in Brunswick, OH. It received its IRS tax-exemption ruling in October 1983, 43 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2023, Brunswick Instrumental Music Boosters Inc reported income of $226k and spending of $261k, spending 115% of what it took in. Across the 6 years on record, from April 2018 to April 2023, income fell from $330k to $226k (-31%), an average of -7.2% a year. The sharpest change came in the year to April 2022, when income rose by 203%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Brunswick Instrumental Music Boosters Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within OH. Charities of a similar size with the same main cause include Englewood Cultural Arts Center ($226k), Harford Ballet Company Inc ($226k) and International Petroleum Museum and Exposition Inc ($226k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 6.3% and program service revenue 68% of the total. At year end it held assets of $57k against liabilities of $0, net assets of $57k.