Laing Middle School Orchestra Boosters

Analysis

Laing Middle School Orchestra Boosters is a registered charity in United States, based in Mt Pleasant, SC. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Laing Middle School Orchestra Boosters reported income of $98k and spending of $93k, spending 95% of its income. Across the 3 years on record, from June 2022 to June 2024, income fell from $126k to $98k (-22%), an average of -12% a year. The sharpest change came in the year to June 2024, when income dropped by 46%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Laing Middle School Orchestra Boosters sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 42nd percentile within SC. Charities of a similar size with the same main cause include Risalah Academy ($98k), Giving Circle of Heritage Hunt Inc ($98k) and Meals on Wheels - South Shore ($98k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 3.3% of the total. At year end it held assets of $20k against liabilities of $6,902, net assets of $13k.