Foxboro Music Association Inc

Analysis

Foxboro Music Association Inc is a registered charity in United States, based in Foxboro, MA. It received its IRS tax-exemption ruling in August 2017, 9 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 July 2024, Foxboro Music Association Inc reported income of $90k and spending of $88k, spending 98% of its income. Across the 2 years on record, from July 2023 to July 2024, income fell from $93k to $90k (-3.4%), an average of -3.4% a year. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foxboro Music Association Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 42nd percentile within MA. Charities of a similar size with the same main cause include Parent Booster USA Inc ($90k), 100 for Kids Utah Credit Union Education Foundation ($90k) and Eielson Spouses Club ($90k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 22% and program service revenue 72% of the total. At year end it held assets of $74k against liabilities of $0, net assets of $74k.