Franklin Community Schools Band Boosters Inc

Analysis

Franklin Community Schools Band Boosters Inc is a registered charity in United States, based in Franklin, IN. It received its IRS tax-exemption ruling in February 1969, 57 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 May 2024, Franklin Community Schools Band Boosters Inc reported income of $166k and spending of $189k, spending 114% of what it took in. Across the 5 years on record, from May 2020 to May 2024, income grew from $117k to $166k (+42%), an average of +9.2% a year. The sharpest change came in the year to May 2022, when income rose by 60%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Franklin Community Schools Band Boosters Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within IN. Charities of a similar size with the same main cause include Usps Endowment Fund Inc ($166k), Strongsville Soccer Organization Inc ($166k) and Mendo-Lake Alternative Service Inc ($166k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 6.9% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $7,000 (3.7% of expenses). At year end it held assets of $21k against liabilities of $0, net assets of $21k.