Mountlake Terrace High School Music Boosters

Analysis

Mountlake Terrace High School Music Boosters is a registered charity in United States, based in Mountlake Ter, WA. It received its IRS tax-exemption ruling in March 1993, 33 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 December 2023, Mountlake Terrace High School Music Boosters reported income of $86k and spending of $111k, spending 129% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $62k to $86k (+39%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 144%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mountlake Terrace High School Music Boosters sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 28th percentile within WA. Charities of a similar size with the same main cause include New London County Historical Society Inc ($86k), Alcap Education ($86k) and Mullen Assembly of God Church ($86k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. At year end it held assets of $56k against liabilities of $0, net assets of $56k.