Municipal Band of Charlottesville Inc

Analysis

Municipal Band of Charlottesville Inc is a registered charity in United States, based in Charlottesville, VA. It received its IRS tax-exemption ruling in October 1988, 38 years ago. 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, Municipal Band of Charlottesville Inc reported income of $359k and spending of $370k, spending 103% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $221k to $359k (+62%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 531%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Municipal Band of Charlottesville Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within VA. Charities of a similar size with the same main cause include Phi Gamma Dela Landmark Preservation Assocation ($359k), Pop Warner Little Scholars Inc ($359k) and Bay County Historical Society ($359k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 81% and program service revenue 12% of the total. Other salaries and wages came to $74k. At year end it held assets of $2.9m against liabilities of $2,584, net assets of $2.9m. It reported 5 employees.