Melbourne Municipal Band Association Inc

Analysis

Melbourne Municipal Band Association Inc is a registered charity in United States, based in Melbourne, FL. It received its IRS tax-exemption ruling in March 1987, 39 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 August 2023, Melbourne Municipal Band Association Inc reported income of $135k and spending of $145k, spending 107% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income grew from $131k to $135k (+3.0%), an average of +3.0% a year. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Melbourne Municipal Band Association Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 48th percentile within FL. Charities of a similar size with the same main cause include Newtown Historical Society Inc ($135k), Sarasota Alliance for Historic Preservation Inc ($135k) and Tri-City Hospital Auxiliary ($135k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 68% and program service revenue 22% of the total. At year end it held assets of $41k against liabilities of $0, net assets of $41k.