Hercules Music Boosters Assocation

Analysis

Hercules Music Boosters Assocation is a registered charity in United States, based in Hercules, CA. It received its IRS tax-exemption ruling in December 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Hercules Music Boosters Assocation reported income of $72k and spending of $81k, spending 112% of what it took in. Across the 4 years on record, from June 2019 to June 2024, income fell from $85k to $72k (-15%), an average of -5.4% a year. The sharpest change came in the year to June 2023, when income rose by 61%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hercules Music Boosters Assocation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 30th percentile within CA. Charities of a similar size with the same main cause include Underwood GT Magnet Elementary School Foundation ($72k), Center for Teaching Entrepreneurship ($72k) and Charleston School of Law ($72k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $46k against liabilities of $0, net assets of $46k.