Panther Creek Band Boosters

Analysis

Panther Creek Band Boosters is a registered charity in United States, based in Cary, NC. It received its IRS tax-exemption ruling in July 2008, 18 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, Panther Creek Band Boosters reported income of $253k and spending of $259k, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2024, income fell from $289k to $253k (-12%), an average of -3.3% a year. The sharpest change came in the year to June 2022, when income rose by 133%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Panther Creek Band Boosters sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within NC. Charities of a similar size with the same main cause include The Arlington Foundation for Excellence in Education ($253k), American Innovation University ($253k) and Palencia Elementary PTO Inc ($253k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $5,000 (1.9% of expenses). At year end it held assets of $139k against liabilities of $0, net assets of $139k.