VHS Music Boosters Inc

Analysis

VHS Music Boosters Inc is a registered charity in United States, based in Venice, FL. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 May 2024, VHS Music Boosters Inc reported income of $177k and spending of $112k, leaving 37% of income unspent that year. Across the 2 years on record, from May 2023 to May 2024, income grew from $103k to $177k (+72%), an average of +72% a year. The sharpest change came in the year to May 2024, when income rose by 72%. Over the whole period it spent 80% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, VHS Music Boosters Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within FL. Charities of a similar size with the same main cause include Pekin Park Foundation ($177k), Lauras Garden ($178k) and Granite Bay Junior Grizzlies All American Youth Football Team ($177k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 17% and program service revenue 31% of the total. At year end it held assets of $91k against liabilities of $0, net assets of $91k.