Belton-Honea Path Music Boosters

Analysis

Belton-Honea Path Music Boosters is a registered charity in United States, based in Honea Path, SC. It received its IRS tax-exemption ruling in October 2016, 10 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 2023, Belton-Honea Path Music Boosters reported income of $110k and spending of $105k, spending 95% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $71k to $110k (+55%), an average of +54% a year. The sharpest change came in the year to June 2023, when income rose by 55%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Belton-Honea Path Music Boosters sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 45th percentile within SC. Charities of a similar size with the same main cause include Silambam Phoenix ($110k), Tabernacle Productions Inc ($110k) and Spreadmusicnow Inc ($110k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 6.5% and program service revenue 73% of the total. At year end it held assets of $22k against liabilities of $0, net assets of $22k.