Fayette Music Boosters Inc

Analysis

Fayette Music Boosters Inc is a registered charity in United States, based in Fayette, MO. It received its IRS tax-exemption ruling in April 1985, 41 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 February 2024, Fayette Music Boosters Inc reported income of $65k and spending of $48k, leaving 26% of income unspent that year. Across the 2 years on record, from February 2023 to February 2024, income fell from $93k to $65k (-30%), an average of -30% a year. The sharpest change came in the year to February 2024, when income dropped by 30%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fayette Music Boosters Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 23rd percentile within MO. Charities of a similar size with the same main cause include Moraga Park Foundation ($65k), Water Works Operators Association of Pa ($65k) and Blackstone Millville Music Association Inc ($65k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 29% of the total. At year end it held assets of $27k against liabilities of $0, net assets of $27k.