Humboldt Music Boosters Inc

Analysis

Humboldt Music Boosters Inc is a registered charity in United States, based in Humboldt, IA. It received its IRS tax-exemption ruling in November 2015, 11 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 July 2024, Humboldt Music Boosters Inc reported income of $61k and spending of $64k, spending 106% of what it took in. Across the 3 years on record, from July 2022 to July 2024, income grew from $41k to $61k (+49%), an average of +22% a year. The sharpest change came in the year to July 2023, when income rose by 198%. Over the whole period it spent 136% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Humboldt Music Boosters Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 21st percentile within IA. Charities of a similar size with the same main cause include Weare Foundation ($61k), Humboldt Education Foundation Incorporated ($61k) and Glenshaw Century Club Inc ($61k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 54% of the total. At year end it held assets of $93k against liabilities of $0, net assets of $93k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.