Owatonna Marching Band Boosters

Analysis

Owatonna Marching Band Boosters is a registered charity in United States, based in Owatonna, MN. It received its IRS tax-exemption ruling in September 2024, 2 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 December 2022, Owatonna Marching Band Boosters reported income of $223k and spending of $243k, spending 109% of what it took in. The sharpest change came in the year to December 2022, when income rose by 980%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Owatonna Marching Band Boosters sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within MN. Charities of a similar size with the same main cause include Hawaii Academy of Recording Arts ($223k), Ouachita African-American Historical Society ($223k) and Teens of Color Abroad ($223k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 7.2% and program service revenue 93% of the total. Other salaries and wages came to $2,500. At year end it held assets of $28k against liabilities of $0, net assets of $28k.