Summit High School Band Parents Association

Analysis

Summit High School Band Parents Association is a registered charity in United States, based in Summit, NJ. It received its IRS tax-exemption ruling in June 1981, 45 years ago. 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, Summit High School Band Parents Association reported income of $62k and spending of $69k, spending 111% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income grew from $46k to $62k (+34%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 57%. Over the whole period it spent 120% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Summit High School Band Parents Association sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 32nd percentile within NJ. Charities of a similar size with the same main cause include Ge2p2 Global Foundation ($62k), Texas 4-H ($62k) and National Charity League Inc ($62k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 61% of the total. At year end it held assets of $66k against liabilities of $6,346, net assets of $60k.

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.