Dobyns Bennett Band Boosters Club

Analysis

Dobyns Bennett Band Boosters Club is a registered charity in United States, based in Kingsport, TN. It received its IRS tax-exemption ruling in February 1972, 54 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 May 2023, Dobyns Bennett Band Boosters Club reported income of $637k and spending of $672k, spending 105% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income grew from $549k to $637k (+16%), an average of +5.1% a year. The sharpest change came in the year to May 2022, when income rose by 65%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Dobyns Bennett Band Boosters Club sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within TN. Charities of a similar size with the same main cause include Shared Harvest Foundation Inc ($637k), The Scargo School Inc ($637k) and Friends of the Dallas Public Library Inc ($637k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 63% of the total. At year end it held assets of $59k against liabilities of $46k, net assets of $13k.