Elite Marching Band of Queens Inc

Analysis

Elite Marching Band of Queens Inc is a registered charity in United States, based in SPRNGFLD GDNS, NY. It received its IRS tax-exemption ruling in November 2019, 7 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 December 2023, Elite Marching Band of Queens Inc reported income of $56k and spending of $42k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $25k to $56k (+128%), an average of +128% a year. The sharpest change came in the year to December 2023, when income rose by 128%. Over the whole period it spent 66% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Elite Marching Band of Queens Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within NY. Charities of a similar size with the same main cause include Civilizasian Foundation Inc ($56k), Archeological Institute of the Pee Dee ($56k) and Travelers Choral Club Inc ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $20k against liabilities of $20k, net assets of $0.