Century Music Boosters Inc

Analysis

Century Music Boosters Inc is a registered charity in United States, based in Sykesville, MD. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 May 2024, Century Music Boosters Inc reported income of $195k and spending of $186k, spending 95% of its income. Across the 2 years on record, from May 2023 to May 2024, income grew from $190k to $195k (+2.8%), an average of +2.8% a year. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Century Music Boosters Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within MD. Charities of a similar size with the same main cause include Joe Kocur Foundation for Children Inc ($195k), At-Choo Foundation ($196k) and Bear Foundation ($195k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 22% and program service revenue 75% of the total. At year end it held assets of $40k against liabilities of $0, net assets of $40k.