Lake Fenton Music Boosters

Analysis

Lake Fenton Music Boosters is a registered charity in United States, based in Linden, MI. It received its IRS tax-exemption ruling in September 2015, 11 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, Lake Fenton Music Boosters reported income of $50k and spending of $11k, leaving 78% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income fell from $88k to $50k (-43%), an average of -43% a year. The sharpest change came in the year to June 2023, when income dropped by 43%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lake Fenton Music Boosters sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within MI. Charities of a similar size with the same main cause include Kewanee Historical Society ($50k), Voices Chorale NJ ($50k) and Monongalia County Arts Center Association Inc ($50k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 9.8% of the total. At year end it held assets of $87k against liabilities of $0, net assets of $87k.