Los Gatos Music Boosters Inc

Analysis

Los Gatos Music Boosters Inc is a registered charity in United States, based in Los Gatos, CA. It received its IRS tax-exemption ruling in April 2011, 15 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 June 2024, Los Gatos Music Boosters Inc reported income of $392k and spending of $332k, spending 85% of its income. Across the 4 years on record, from June 2020 to June 2024, income grew from $308k to $392k (+27%), an average of +8.4% a year. The sharpest change came in the year to June 2022, when income rose by 57%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Los Gatos Music Boosters Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include Montessori Childrens House Offranktown ($392k), Whitecaps Baseball Academy ($392k) and Mentor Tutor Connection ($392k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 54% and program service revenue 45% of the total. At year end it held assets of $603k against liabilities of $106k, net assets of $498k.