Broadneck Music Boosters Inc

Analysis

Broadneck Music Boosters Inc is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in December 1991, 35 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Broadneck Music Boosters Inc reported income of $144k and spending of $204k, spending 142% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $183k to $144k (-21%), an average of -21% a year. The sharpest change came in the year to June 2024, when income dropped by 21%. Over the whole period it spent 117% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Broadneck Music Boosters Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 47th percentile within MD. Charities of a similar size with the same main cause include New Lexington High School Alumni Association ($144k), Mahanoy City Public Library Association ($144k) and The Society for the Advancement of Sexual Health Inc ($144k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 11% of the total. At year end it held assets of $72k against liabilities of $0, net assets of $72k.