Liberty Music Booster Association

Analysis

Liberty Music Booster Association is a registered charity in United States, based in Powell, OH. It received its IRS tax-exemption ruling in September 2005, 21 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 December 2023, Liberty Music Booster Association reported income of $155k and spending of $153k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $167k to $155k (-7.4%), an average of -1.9% a year. The sharpest change came in the year to December 2022, when income rose by 57%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Liberty Music Booster Association sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within OH. Charities of a similar size with the same main cause include Eressea ($155k), Elios Charitable Foundation ($155k) and Act II Community Theater ($155k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% of the total. At year end it held assets of $110k against liabilities of $4,697, net assets of $105k.