Sherman Band Boosters

Analysis

Sherman Band Boosters is a registered charity in United States, based in Sherman, TX. It received its IRS tax-exemption ruling in March 2018, 8 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 July 2023, Sherman Band Boosters reported income of $107k and spending of $130k, spending 122% of what it took in. Across the 2 years on record, from July 2022 to July 2023, income fell from $126k to $107k (-15%), an average of -15% a year. The sharpest change came in the year to July 2023, when income dropped by 15%. Over the whole period it spent 111% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sherman Band Boosters sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 41st percentile within TX. Charities of a similar size with the same main cause include Gunn Foundation ($107k), Hillsdale Free Public Library Foundation ($107k) and San Diego Rhythmic Gymnastics Academy ($107k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 4.3% of the total. At year end it held assets of $75k against liabilities of $0, net assets of $75k.