Concord Band Association

Analysis

Concord Band Association is a registered charity in United States, based in Concord, MA. It received its IRS tax-exemption ruling in October 1983, 43 years ago. 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 August 2023, Concord Band Association reported income of $54k and spending of $46k, spending 86% of its income. Across the 2 years on record, from August 2022 to August 2023, income grew from $50k to $54k (+7.4%), an average of +7.4% a year. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Concord Band Association sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 30th percentile within MA. Charities of a similar size with the same main cause include Emmaus House Foundation Inc ($54k), Jessie Trice Community Health Foundation Inc ($54k) and Gods Vineyard ($54k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 77% and program service revenue 22% of the total. At year end it held assets of $90k against liabilities of $0, net assets of $90k.