Durant Music Boosters Inc

Analysis

Durant Music Boosters Inc is a registered charity in United States, based in Plant City, FL. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Durant Music Boosters Inc reported income of $150k and spending of $155k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $201k to $150k (-26%), an average of -7.1% a year. The sharpest change came in the year to June 2022, when income rose by 259%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Durant Music Boosters Inc sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 51st percentile within FL. Charities of a similar size with the same main cause include Eureka High School Football Boosters Inc ($150k), First of the Great Lakes Bay Region ($150k) and Reformation Classical Academy of Dayton ($150k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% of the total. At year end it held assets of $71k against liabilities of $0, net assets of $71k.