Willoughby South Instrumental Music Boosters

Analysis

Willoughby South Instrumental Music Boosters is a registered charity in United States, based in Willoughby, OH. It received its IRS tax-exemption ruling in August 2002, 24 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, Willoughby South Instrumental Music Boosters reported income of $88k and spending of $80k, spending 91% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $70k to $88k (+25%), an average of +25% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Willoughby South Instrumental Music Boosters sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 34th percentile within OH. Charities of a similar size with the same main cause include Capital City Cultural Arts District ($88k), Southeastern Quilt and Textile Museum Inc ($88k) and Cohasset Dramatic Club Inc ($88k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 6.2% and program service revenue 51% of the total. At year end it held assets of $32k against liabilities of $0, net assets of $32k.