Central Music Boosters

Analysis

Central Music Boosters is a registered charity in United States, based in Cologne, MN. It received its IRS tax-exemption ruling in December 2014, 12 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 December 2016, Central Music Boosters reported income of $104k and spending of $114k, spending 110% of what it took in. Across the 2 years on record, from December 2013 to December 2016, income grew from $26k to $104k (+291%), an average of +292% a year. The sharpest change came in the year to December 2016, when income rose by 291%. 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, Central Music Boosters sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 35th percentile within MN. Charities of a similar size with the same main cause include Alturas Institute Inc ($104k), Harvard Business School Club of Dallas ($104k) and MZ Foundation ($104k).

On its Form 990-EZ for the period ending December 2016, revenue came from contributions and grants 100% of the total. At year end it held assets of $59k against liabilities of $0, net assets of $59k.