Norwell Music Boosters Inc

Analysis

Norwell Music Boosters Inc is a registered charity in United States, based in Ossian, IN. It received its IRS tax-exemption ruling in November 1976, 50 years ago. Its declared purposes cover education, which this site groups under education and training. 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 May 2024, Norwell Music Boosters Inc reported income of $223k and spending of $177k, leaving 21% of income unspent that year. Across the 5 years on record, from May 2020 to May 2024, income grew from $183k to $223k (+21%), an average of +5.0% a year. The sharpest change came in the year to May 2024, when income rose by 54%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Norwell Music Boosters Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within IN. Charities of a similar size with the same main cause include Ocean View Elementary PTO ($223k), Harrisonburg Education Foundation ($223k) and Colorado Longitudinal Study ($223k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 3.7% and program service revenue 55% of the total. At year end it held assets of $146k against liabilities of $0, net assets of $146k.