Topsail High School Music Boosters Inc

Analysis

Topsail High School Music Boosters Inc is a registered charity in United States, based in Hampstead, NC. It received its IRS tax-exemption ruling in August 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Topsail High School Music Boosters Inc reported income of $126k and spending of $137k, spending 108% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income fell from $198k to $126k (-36%), an average of -20% a year. The sharpest change came in the year to June 2023, when income dropped by 60%. 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, Topsail High School Music Boosters Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within NC. Charities of a similar size with the same main cause include CMS Grammar School-Old Grammarians Society-Americas Inc ($126k), Diversity in Dentistry Mentorships Inc ($126k) and Alexander Hamilton High School Alumni Association ($126k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 10% of the total. At year end it held assets of $64k against liabilities of $0, net assets of $64k.