Overture Band Programs Inc

Analysis

Overture Band Programs Inc is a registered charity in United States, based in Stoughton, WI. It received its IRS tax-exemption ruling in March 2005, 21 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Overture Band Programs Inc reported income of $313k and spending of $305k, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $301k to $313k (+4.0%), an average of +1.0% a year. The sharpest change came in the year to June 2022, when income rose by 67%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Overture Band Programs Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within WI. Charities of a similar size with the same main cause include The Rose Island Lighthouse Foundation Inc ($313k), Transatlantic Leadership Network ($313k) and National Washington-Rochambeau Revolutionary Route Association ($313k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.8% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $234k (77% of expenses). Other salaries and wages came to $34k. At year end it held assets of $178k against liabilities of $1,531, net assets of $176k. It reported 8 employees.