Monrovia Band Boosters Inc

Analysis

Monrovia Band Boosters Inc is a registered charity in United States, based in Monrovia, IN. It received its IRS tax-exemption ruling in September 2000, 26 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2024, Monrovia Band Boosters Inc reported income of $103k and spending of $86k, spending 84% of its income. Across the 2 years on record, from May 2023 to May 2024, income grew from $98k to $103k (+5.4%), an average of +5.4% a year. Over the whole period it spent 93% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Monrovia Band Boosters Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 35th percentile within IN. Charities of a similar size with the same main cause include Sleeping Angels Foundation ($103k), Soroptimist International of Valencia ($103k) and Colfax Thrifty Grandmothers ($103k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 0.5% of the total. At year end it held assets of $74k against liabilities of $0, net assets of $74k.