Legion-Aires Drum and Bugle Corps

Analysis

Legion-Aires Drum and Bugle Corps is a registered charity in United States, based in Dubuque, IA. It received its IRS tax-exemption ruling in February 1977, 49 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Legion-Aires Drum and Bugle Corps reported income of $2.0m and spending of $2.2m, spending 108% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.7m to $2.0m (+23%), an average of +5.3% a year. The sharpest change came in the year to September 2021, when income rose by 163%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Legion-Aires Drum and Bugle Corps sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within IA. Charities of a similar size with the same main cause include Boise Art Museum Incorporated ($2.0m), Tara Institute of the Performing Arts Incorporated ($2.0m) and Early Childhood Connections ($2.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 23% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $88k (4.0% of expenses). Other salaries and wages came to $325k. At year end it held assets of $1.5m against liabilities of $238k, net assets of $1.3m. It reported 9 employees.