Seven Lakes High School Band Boosters Inc

Analysis

Seven Lakes High School Band Boosters Inc is a registered charity in United States, based in Katy, TX. It received its IRS tax-exemption ruling in June 2006, 20 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 May 2023, Seven Lakes High School Band Boosters Inc reported income of $615k and spending of $611k, spending 99% of its income. Across the 5 years on record, from June 2019 to May 2023, income grew from $457k to $615k (+35%), an average of +7.7% a year. The sharpest change came in the year to May 2022, when income rose by 128%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Seven Lakes High School Band Boosters Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Florida School of Holistic Living Inc ($615k), Sidney Memorial Public Library ($615k) and Montessori School of Elkhart Inc ($615k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 10% and program service revenue 67% of the total. At year end it held assets of $38k against liabilities of $1,985, net assets of $36k.