Norwalk Schools Music Boosters

Analysis

Norwalk Schools Music Boosters is a registered charity in United States, based in Norwalk, IA. It received its IRS tax-exemption ruling in February 1992, 34 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 June 2024, Norwalk Schools Music Boosters reported income of $52k and spending of $43k, spending 81% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $49k to $52k (+6.9%), an average of +6.9% a year. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Norwalk Schools Music Boosters sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within IA. Charities of a similar size with the same main cause include Next Generation in Trucking Foundation ($52k), Butte County Historical Society ($52k) and Prince Georges Heritage Inc ($52k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 46% of the total. At year end it held assets of $196k against liabilities of $0, net assets of $196k.