Sanderson Music Boosters

Analysis

Sanderson Music Boosters is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in August 1979, 47 years ago. 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 May 2024, Sanderson Music Boosters reported income of $113k and spending of $79k, leaving 30% of income unspent that year. Across the 2 years on record, from May 2023 to May 2024, income grew from $37k to $113k (+209%), an average of +209% a year. The sharpest change came in the year to May 2024, when income rose by 209%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sanderson 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 40th percentile, and in the 38th percentile within NC. Charities of a similar size with the same main cause include Hope Fire Company ($113k), Rock Hill Area Chamber of Commerce Foundation ($113k) and Guild-Of-Creative-Art ($113k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 18% and program service revenue 63% of the total. At year end it held assets of $117k against liabilities of $4,500, net assets of $112k.