Southern Nash Music Boosters

Analysis

Southern Nash Music Boosters is a registered charity in United States, based in Rocky Mount, NC. It received its IRS tax-exemption ruling in April 2006, 20 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Southern Nash Music Boosters reported income of $60k and spending of $36k, leaving 39% of income unspent that year. Across the 4 years on record, from May 2022 to June 2024, income grew from $44k to $60k (+37%), an average of +11% a year. The sharpest change came in the year to June 2024, when income rose by 3269%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Southern Nash Music Boosters sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 21st percentile within NC. Charities of a similar size with the same main cause include Music for People Inc ($60k), Clarion Concerts in Columbia County ($60k) and Dearworld Org Inc ($60k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 2.2% of the total. At year end it held assets of $24k against liabilities of $0, net assets of $24k.