Band Boosters of Fuquay Varina Inc

Analysis

Band Boosters of Fuquay Varina Inc is a registered charity in United States, based in Fuquay Varina, NC. It received its IRS tax-exemption ruling in January 2008, 18 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, Band Boosters of Fuquay Varina Inc reported income of $68k and spending of $64k, spending 93% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $84k to $68k (-18%), an average of -18% a year. The sharpest change came in the year to June 2024, when income dropped by 18%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Band Boosters of Fuquay Varina Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 25th percentile within NC. Charities of a similar size with the same main cause include Washington Library Association ($68k), Friends of Sunrise Montessori Incorporated ($68k) and Colonial Forge Music Boosters ($68k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 3.4% and program service revenue 83% of the total. At year end it held assets of $40k against liabilities of $288, net assets of $40k.