Lakeland Band Boosters

Analysis

Lakeland Band Boosters is a registered charity in United States, based in White Lake, MI. It received its IRS tax-exemption ruling in March 2005, 21 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Lakeland Band Boosters reported income of $288k and spending of $298k, spending 103% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $214k to $288k (+35%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 17%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lakeland Band Boosters sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within MI. Charities of a similar size with the same main cause include Hispanic Education Inc ($288k), Brazilian Cultural Arts Center of Santa Barbara ($288k) and Improv Utopia ($288k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 18% of the total. At year end it held assets of $15k against liabilities of $12k, net assets of $2,501.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.