B Sharp Musical Club Inc

Analysis

B Sharp Musical Club Inc is a registered charity in United States, based in Sauquoit, NY. It received its IRS tax-exemption ruling in September 2012, 14 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 April 2024, B Sharp Musical Club Inc reported income of $83k and spending of $13k, leaving 85% of income unspent that year. Across the 2 years on record, from April 2023 to April 2024, income grew from $21k to $83k (+305%), an average of +305% a year. The sharpest change came in the year to April 2024, when income rose by 305%. Over the whole period it spent 25% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, B Sharp Musical Club Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within NY. Charities of a similar size with the same main cause include Cooper Family Foundation ($83k), Musical Stages Inc ($83k) and Providence Players of Fairfax ($83k).

On its Form 990-EZ for the period ending April 2024, revenue came from contributions and grants 84% of the total. At year end it held assets of $134k against liabilities of $0, net assets of $134k.