Bozeman Friends of Music Inc

Analysis

Bozeman Friends of Music Inc is a registered charity in United States, based in Bozeman, MT. It received its IRS tax-exemption ruling in January 1987, 39 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 August 2024, Bozeman Friends of Music Inc reported income of $71k and spending of $70k, spending 99% of its income. Across the 2 years on record, from August 2023 to August 2024, income fell from $93k to $71k (-24%), an average of -24% a year. The sharpest change came in the year to August 2024, when income dropped by 24%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bozeman Friends of Music Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 24th percentile within MT. Charities of a similar size with the same main cause include Nova Singers ($71k), Second City Chamber Series ($71k) and Foundation for Youth Development Inc ($71k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 44% of the total. At year end it held assets of $144k against liabilities of $0, net assets of $144k.