Arkansas School Band & Orchestra Association

Analysis

Arkansas School Band & Orchestra Association is a registered charity in United States, based in Russellville, AR. It received its IRS tax-exemption ruling in March 1968, 58 years ago. 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, Arkansas School Band & Orchestra Association reported income of $498k and spending of $471k, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $352k to $498k (+42%), an average of +9.1% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arkansas School Band & Orchestra Association sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within AR. Charities of a similar size with the same main cause include National Church Residences of ($498k), Burlington Community School District Educational Foundation ($499k) and Type One Inc ($498k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 27% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $152k (32% of expenses). At year end it held assets of $404k against liabilities of $8,162, net assets of $396k. It reported 3 employees.