Hibbing Band Parents Organization Inc-High School Music Room

Analysis

Hibbing Band Parents Organization Inc-High School Music Room is a registered charity in United States, based in Hibbing, MN. It received its IRS tax-exemption ruling in March 1980, 46 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Hibbing Band Parents Organization Inc-High School Music Room reported income of $173k and spending of $176k, spending 102% of its income. Across the 2 years on record, from May 2023 to May 2024, income grew from $52k to $173k (+234%), an average of +234% a year. The sharpest change came in the year to May 2024, when income rose by 234%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hibbing Band Parents Organization Inc-High School Music Room sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within MN. Charities of a similar size with the same main cause include Macsherry Library ($173k), The Greenhouse School Inc ($173k) and Noor Foundation Inc ($173k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 50% and program service revenue 43% of the total. At year end it held assets of $44k against liabilities of $0, net assets of $44k.