Studio VII Booster Club

Analysis

Studio VII Booster Club is a registered charity in United States, based in Katy, TX. It received its IRS tax-exemption ruling in January 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 June 2024, Studio VII Booster Club reported income of $110k and spending of $123k, spending 111% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income fell from $121k to $110k (-9.3%), an average of -4.7% a year. The sharpest change came in the year to June 2024, when income dropped by 28%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Studio VII Booster Club sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 42nd percentile within TX. Charities of a similar size with the same main cause include Butler Public Library Inc ($110k), War Legacies Project Inc ($110k) and Lions of Lockhurst ($110k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 16% and program service revenue 38% of the total. At year end it held assets of $49k against liabilities of $0, net assets of $49k.