Michigan School Band & Orchestra Association Inc

Analysis

Michigan School Band & Orchestra Association Inc is a registered charity in United States, based in Okemos, MI. It received its IRS tax-exemption ruling in September 1975, 51 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 June 2024, Michigan School Band & Orchestra Association Inc reported income of $1.4m and spending of $1.3m, spending 96% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $1.5m to $1.4m (-9.1%), an average of -1.9% a year. The sharpest change came in the year to June 2022, when income rose by 307%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Michigan School Band & Orchestra Association Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within MI. Charities of a similar size with the same main cause include Circuit Arts Inc ($1.4m), Hippodrome State Theatre Inc ($1.4m) and Catapult Film Fund ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 26% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $105k (7.8% of expenses). Other salaries and wages came to $104k. At year end it held assets of $1.9m against liabilities of $403k, net assets of $1.5m. It reported 2 employees.