Music Booster Club

Analysis

Music Booster Club is a registered charity in United States, based in Bedford, IN. It received its IRS tax-exemption ruling in March 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. 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 July 2023, Music Booster Club reported income of $69k and spending of $65k, spending 94% of its income. Across the 4 years on record, from July 2020 to July 2023, income grew from $44k to $69k (+58%), an average of +16% a year. The sharpest change came in the year to July 2022, when income rose by 175%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Music Booster Club sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 24th percentile within IN. Charities of a similar size with the same main cause include Centurion Boys Basketball Booster Club ($69k), Jacksonville Japanese School Inc ($69k) and John Marshall High Alumni Association ($69k).

On its Form 990 for the period ending July 2023, revenue came from program service revenue 24% of the total. At year end it held assets of $66k against liabilities of $0, net assets of $66k.