Westlake Schools Music Boosters

Analysis

Westlake Schools Music Boosters is a registered charity in United States, based in Westlake, OH. It received its IRS tax-exemption ruling in September 1974, 52 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 July 2024, Westlake Schools Music Boosters reported income of $55k and spending of $49k, spending 90% of its income. Across the 2 years on record, from July 2023 to July 2024, income fell from $66k to $55k (-17%), an average of -17% a year. The sharpest change came in the year to July 2024, when income dropped by 17%. Over the whole period it spent 136% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Westlake Schools Music Boosters sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 22nd percentile within OH. Charities of a similar size with the same main cause include Helping Our Brothers & Sisters Inc ($55k), Cherokee County United Fund Inc ($55k) and PTA California Congress of Parents Teachers & Students Inc ($55k).

At year end it held assets of $134k against liabilities of $0, net assets of $134k.