Portage Township Music Boosters Inc

Analysis

Portage Township Music Boosters Inc is a registered charity in United States, based in Portage, IN. It received its IRS tax-exemption ruling in December 1998, 28 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 December 2023, Portage Township Music Boosters Inc reported income of $75k and spending of $78k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $93k to $75k (-20%), an average of -5.3% a year. The sharpest change came in the year to December 2021, when income rose by 803%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Portage Township Music Boosters Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 26th percentile within IN. Charities of a similar size with the same main cause include Friends of the Peoria Public Library Inc ($75k), Derech Hakodesh Inc ($75k) and Krum Athletic Boosters Club ($75k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $153k against liabilities of $0, net assets of $153k.