Laurel Park Community Boosters Club Inc

Analysis

Laurel Park Community Boosters Club Inc is a registered charity in United States, based in Martinsville, VA. It received its IRS tax-exemption ruling in June 2003, 23 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 2023, Laurel Park Community Boosters Club Inc reported income of $122k and spending of $131k, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $223k to $122k (-45%), an average of -14% a year. The sharpest change came in the year to June 2022, when income rose by 698%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Laurel Park Community Boosters Club Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within VA. Charities of a similar size with the same main cause include Roots of Inclusion ($122k), S T E P Academics Inc ($122k) and I Think Community Foundation Inc ($122k).

At year end it held assets of $872k against liabilities of $2,750, net assets of $869k.