Needham Athletic Boosters Club Inc

Analysis

Needham Athletic Boosters Club Inc is a registered charity in United States, based in Needham, MA. It received its IRS tax-exemption ruling in June 1993, 33 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2024, Needham Athletic Boosters Club Inc reported income of $83k and spending of $97k, spending 117% of what it took in. Across the 3 years on record, from August 2022 to August 2024, income grew from $75k to $83k (+11%), an average of +5.2% a year. The sharpest change came in the year to August 2024, when income rose by 26%. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Needham Athletic Boosters Club Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 39th percentile within MA. Charities of a similar size with the same main cause include Cardinal Athletic Booster Club ($83k), Parc Endowment Fund Number 2 Founded by Alwayne B Gunderson ($83k) and Beltrami Electric Coopertive Trust ($83k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 1.2% and program service revenue 99% of the total. At year end it held assets of $21k against liabilities of $0, net assets of $21k.