McKinney Boyd High School Band Boosters

Analysis

McKinney Boyd High School Band Boosters is a registered charity in United States, based in McKinney, TX. It received its IRS tax-exemption ruling in January 2020, 6 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 April 2024, McKinney Boyd High School Band Boosters reported income of $162k and spending of $234k, spending 145% of what it took in. Across the 6 years on record, from June 2019 to April 2024, income fell from $571k to $162k (-72%), an average of -22% a year. The sharpest change came in the year to June 2023, when income rose by 94%. Over the whole period it spent 120% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, McKinney Boyd High School Band Boosters sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within TX. Charities of a similar size with the same main cause include First Steps Preschool ($161k), Indiana India Business Council ($162k) and Branham High School Music Boosters Association ($161k).

On its Form 990 for the period ending April 2024, revenue came from program service revenue 89% of the total. At year end it held assets of $28k against liabilities of $0, net assets of $28k.

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.