Racine Concert Band Association

Analysis

Racine Concert Band Association is a registered charity in United States, based in Racine, WI. It received its IRS tax-exemption ruling in April 1982, 44 years ago. 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, Racine Concert Band Association reported income of $75k and spending of $87k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $70k to $75k (+6.8%), an average of +6.8% a year. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Racine Concert Band Association sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within WI. Charities of a similar size with the same main cause include California Area Public Library ($75k), Kingdom Development ($75k) and Catholic Institute of the Food Industry Inc ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $341k against liabilities of $137, net assets of $341k.