Homestead High School Music Boosters

Analysis

Homestead High School Music Boosters is a registered charity in United States, based in Sunnyvale, CA. It received its IRS tax-exemption ruling in March 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, Homestead High School Music Boosters reported income of $1.1m and spending of $1.4m, spending 137% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $670k to $1.1m (+57%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 372%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Homestead High School Music Boosters sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Childrens Museum of the Sequoias Inc ($1.1m), Hudson Hills Academy ($1.1m) and Breakthrough of Greater Philadelphia Inc ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 15% and program service revenue 84% of the total. At year end it held assets of $434k against liabilities of $22k, net assets of $412k.