Holly Springs High School Band Boosters

Analysis

Holly Springs High School Band Boosters is a registered charity in United States, based in Holly Springs, NC. It received its IRS tax-exemption ruling in August 2007, 19 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 2024, Holly Springs High School Band Boosters reported income of $290k and spending of $274k, spending 94% of its income. Across the 3 years on record, from May 2022 to May 2024, income grew from $144k to $290k (+102%), an average of +42% a year. The sharpest change came in the year to May 2023, when income rose by 64%. 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, Holly Springs High School Band Boosters sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within NC. Charities of a similar size with the same main cause include South Carolina First Steps to School Readiness Board of Trustees ($290k), Construction MGMT Association of America Socal Chapter Foundation ($290k) and Central Maine Christian Academy Inc ($290k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 49% and program service revenue 27% of the total. At year end it held assets of $166k against liabilities of $2,350, net assets of $164k.