Mount Vernon Band Boosters Inc

Analysis

Mount Vernon Band Boosters Inc is a registered charity in United States, based in Mount Vernon, IN. It received its IRS tax-exemption ruling in July 2002, 24 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, Mount Vernon Band Boosters Inc reported income of $70k and spending of $79k, spending 113% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $85k to $70k (-18%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 18%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mount Vernon Band Boosters Inc 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 Austin Crepelle & Ernest Sickeys SCH for Wards and Domestic Dep Nat ($70k), Kids Chance of Washington ($70k) and Hayes Cooper Boosters Inc ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 55% of the total. At year end it held assets of $79k against liabilities of $0, net assets of $79k.