Category 5 Music Program Boosters Inc

Analysis

Category 5 Music Program Boosters Inc is a registered charity in United States, based in Palm Harbor, FL. It received its IRS tax-exemption ruling in February 1998, 28 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 2024, Category 5 Music Program Boosters Inc reported income of $71k and spending of $69k, spending 98% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $55k to $71k (+28%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 112% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Category 5 Music Program Boosters Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 31st percentile within FL. Charities of a similar size with the same main cause include Suzanne C and Henry L Lennard Institute for Livable Cities Inc ($71k), Idaho Ag in the Classroom ($71k) and Summit School PAC ($71k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 31% of the total. At year end it held assets of $21k against liabilities of $0, net assets of $21k.