Knights Music Boosters Inc

Analysis

Knights Music Boosters Inc is a registered charity in United States, based in Palmer, AK. It received its IRS tax-exemption ruling in December 2006, 20 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 December 2023, Knights Music Boosters Inc reported income of $68k and spending of $61k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $66k to $68k (+3.7%), an average of +3.7% a year. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Knights Music Boosters Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 22nd percentile within AK. Charities of a similar size with the same main cause include Parent Booster USA Inc ($68k), Juanita Schools Foundation ($68k) and Harry Slimmer Scholarship Fund ($68k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 1.8% of the total. At year end it held assets of $95k against liabilities of $0, net assets of $95k.