Centrals Instrumental Music Booster

Analysis

Centrals Instrumental Music Booster is a registered charity in United States, based in Evansville, IN. It received its IRS tax-exemption ruling in December 1996, 30 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, Centrals Instrumental Music Booster reported income of $108k and spending of $104k, spending 96% of its income. Across the 2 years on record, from May 2022 to May 2023, income grew from $86k to $108k (+26%), an average of +26% a year. The sharpest change came in the year to May 2023, when income rose by 26%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Centrals Instrumental Music Booster sits at the 39th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within IN. Charities of a similar size with the same main cause include Culpeper Literacy Council ($108k), Little League Baseball Inc ($108k) and Camellia Symphony Association ($108k).

On its Form 990-EZ for the period ending May 2023, revenue came from contributions and grants 25% of the total. At year end it held assets of $61k against liabilities of $0, net assets of $61k.