Towson High School Music Boosters Inc

Analysis

Towson High School Music Boosters Inc is a registered charity in United States, based in Towson, MD. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Towson High School Music Boosters Inc reported income of $56k and spending of $64k, spending 114% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $130k to $56k (-57%), an average of -19% a year. The sharpest change came in the year to June 2022, when income rose by 3233%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Towson High School Music Boosters Inc sits at the 25th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within MD. Charities of a similar size with the same main cause include Friends of the Mathews Memorial Library Inc ($56k), Lakeshore Elementary School PTO ($56k) and Central Valley Chemical Safety Day Committee ($56k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 21% and program service revenue 60% of the total. At year end it held assets of $66k against liabilities of $20k, net assets of $46k.