Lake Highlands Area Band Club

Analysis

Lake Highlands Area Band Club is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in March 1972, 54 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Lake Highlands Area Band Club reported income of $271k and spending of $252k, spending 93% of its income. Across the 6 years on record, from May 2019 to May 2024, income fell from $346k to $271k (-22%), an average of -4.8% a year. The sharpest change came in the year to May 2022, when income rose by 88%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lake Highlands Area Band Club sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 64th percentile within TX. Charities of a similar size with the same main cause include Jro Community Outreach Inc ($271k), Long X Arts Foundation ($271k) and Plastic Ocean Project Inc ($271k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 44% and program service revenue 47% of the total. At year end it held assets of $90k against liabilities of $0, net assets of $90k.