Tipp City Music Boosters Inc

Analysis

Tipp City Music Boosters Inc is a registered charity in United States, based in Tipp City, OH. It received its IRS tax-exemption ruling in December 1989, 37 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 December 2023, Tipp City Music Boosters Inc reported income of $74k and spending of $49k, leaving 34% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income fell from $83k to $74k (-12%), an average of -4.1% a year. The sharpest change came in the year to December 2022, when income rose by 105%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tipp City Music Boosters Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 29th percentile within OH. Charities of a similar size with the same main cause include Luso American Cultural Assoc ($74k), Daniel Athletic Booster Club ($74k) and Tolland High School Scholarship Fund Inc ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 18% of the total. At year end it held assets of $137k against liabilities of $0, net assets of $137k.