Midlothian High School Band Boosters

Analysis

Midlothian High School Band Boosters is a registered charity in United States, based in Midlothian, VA. It received its IRS tax-exemption ruling in May 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 May 2024, Midlothian High School Band Boosters reported income of $78k and spending of $92k, spending 117% of what it took in. Across the 3 years on record, from May 2022 to May 2024, income fell from $239k to $78k (-67%), an average of -43% a year. The sharpest change came in the year to May 2023, when income dropped by 50%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Midlothian High School Band Boosters sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 30th percentile within VA. Charities of a similar size with the same main cause include Claremont Symphony Orchestra Association ($78k), Georgia Festival Chorus Inc the ($78k) and Asheboro Public Library Foundation ($78k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 47% and program service revenue 29% of the total. At year end it held assets of $93k against liabilities of $0, net assets of $93k.