Carlmont Music Boosters Inc

Analysis

Carlmont Music Boosters Inc is a registered charity in United States, based in San Carlos, CA. It received its IRS tax-exemption ruling in February 2012, 14 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Carlmont Music Boosters Inc reported income of $78k and spending of $105k, spending 136% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $311k to $78k (-75%), an average of -75% a year. The sharpest change came in the year to June 2024, when income dropped by 75%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Carlmont Music Boosters Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within CA. Charities of a similar size with the same main cause include Motion the Womens Performing Collective ($78k), Ovation Theatre Inc ($78k) and Chalk Hill Educational Media Inc ($78k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 43% and program service revenue 44% of the total. At year end it held assets of $76k against liabilities of $3,458, net assets of $72k.