Lincoln Music Boosters

Analysis

Lincoln Music Boosters is a registered charity in United States, based in Stockton, CA. It received its IRS tax-exemption ruling in May 1978, 48 years ago. 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 2023, Lincoln Music Boosters reported income of $83k and spending of $82k, spending 100% of its income. Across the 3 years on record, from June 2019 to June 2023, income fell from $260k to $83k (-68%), an average of -44% a year. The sharpest change came in the year to June 2023, when income dropped by 81%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lincoln Music 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 32nd percentile, and in the 34th percentile within CA. Charities of a similar size with the same main cause include Philadelphia Psychoanalytic Foundation ($83k), Ptsa Connecticut Inc ($83k) and PTA California Congress of Parents Teachers & Students Inc ($83k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% of the total. At year end it held assets of $194k against liabilities of $0, net assets of $194k.