Bay Music Boosters

Analysis

Bay Music Boosters is a registered charity in United States, based in Bay Village, OH. It received its IRS tax-exemption ruling in March 1961, 65 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Bay Music Boosters reported income of $90k and spending of $92k, spending 103% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $103k to $90k (-13%), an average of -13% a year. 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, Bay Music Boosters sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 34th percentile within OH. Charities of a similar size with the same main cause include Heritage Homes Incorporated ($90k), Section 16h Group a NJ Nonprofit Corporation ($90k) and Yellowstone County 4-H Council ($90k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 58% and program service revenue 28% of the total. At year end it held assets of $165k against liabilities of $0, net assets of $165k.