Indianola Music Boosters

Analysis

Indianola Music Boosters is a registered charity in United States, based in Indianola, IA. It received its IRS tax-exemption ruling in January 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Indianola Music Boosters reported income of $65k and spending of $60k, spending 92% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $65k to $65k (-0.5%), an average of -0.5% a year. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Indianola Music Boosters sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 23rd percentile within IA. Charities of a similar size with the same main cause include House of Palestine Inc ($65k), North Polk Fine Arts Boosters Inc ($65k) and Effingham Retired Volunteer Fire Fighters Association ($65k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 63% of the total. At year end it held assets of $130k against liabilities of $0, net assets of $130k.