Liberty Instrumental Music Boosters Inc

Analysis

Liberty Instrumental Music Boosters Inc is a registered charity in United States, based in Eldersburg, MD. It received its IRS tax-exemption ruling in September 1985, 41 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 June 2023, Liberty Instrumental Music Boosters Inc reported income of $99k and spending of $95k, spending 95% of its income. Across the 3 years on record, from June 2020 to June 2023, income fell from $216k to $99k (-54%), an average of -32% a year. The sharpest change came in the year to June 2022, when income dropped by 56%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Liberty Instrumental Music Boosters Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 38th percentile within MD. Charities of a similar size with the same main cause include Wisconsin Junior Classical League Inc ($99k), East Hamblen County Volunteer Fire Department ($99k) and Womens Rehabilitation Group ($99k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 5.0% and program service revenue 36% of the total. At year end it held assets of $71k against liabilities of $0, net assets of $71k.