Bluecoats Drum and Bugle Corps

Analysis

Bluecoats Drum and Bugle Corps is a registered charity in United States, based in North Canton, OH. It received its IRS tax-exemption ruling in April 1988, 38 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 October 2023, Bluecoats Drum and Bugle Corps reported income of $3.9m and spending of $4.3m, spending 109% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income grew from $2.4m to $3.9m (+63%), an average of +13% a year. The sharpest change came in the year to October 2021, when income rose by 179%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bluecoats Drum and Bugle Corps sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within OH. Charities of a similar size with the same main cause include American Craft Council ($3.9m), Athenaeum Center for Thought & Culture ($3.9m) and Montgomery Comm Television Inc ($3.9m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 28% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $195k (4.6% of expenses). Other salaries and wages came to $388k. At year end it held assets of $3.9m against liabilities of $2.3m, net assets of $1.6m. It reported 12 employees.