Norton Music Boosters Association

Analysis

Norton Music Boosters Association is a registered charity in United States, based in Norton, OH. It received its IRS tax-exemption ruling in October 1994, 32 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 May 2023, Norton Music Boosters Association reported income of $141k and spending of $137k, spending 97% of its income. Across the 5 years on record, from May 2019 to May 2023, income fell from $153k to $141k (-7.6%), an average of -2.0% a year. The sharpest change came in the year to May 2022, when income rose by 48%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Norton Music Boosters Association 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 Central Texas Hospitality House ($141k), Sawyer Youth Soccer Association Inc ($141k) and Womens Southern Golf Association ($141k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 33% of the total. At year end it held assets of $70k against liabilities of $0, net assets of $70k.