Madison Central Band Boosters Inc

Analysis

Madison Central Band Boosters Inc is a registered charity in United States, based in Richmond, KY. It received its IRS tax-exemption ruling in August 2024, 2 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, Madison Central Band Boosters Inc reported income of $232k and spending of $240k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $212k to $232k (+9.4%), an average of +2.3% a year. The sharpest change came in the year to June 2022, when income rose by 202%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Madison Central Band Boosters Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within KY. Charities of a similar size with the same main cause include Friends of Onancock School ($232k), Build It Code It Foundation ($232k) and Monarch Montessori School ($232k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% of the total. At year end it held assets of $42k against liabilities of $0, net assets of $42k.