Newton-Conover Band Booster Club

Analysis

Newton-Conover Band Booster Club is a registered charity in United States, based in Newton, NC. It received its IRS tax-exemption ruling in February 1973, 53 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Newton-Conover Band Booster Club reported income of $78k and spending of $79k, spending 101% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $47k to $78k (+68%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 983%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Newton-Conover Band Booster Club sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within NC. Charities of a similar size with the same main cause include St John United Church of Christ Endowment Inc ($78k), Warren Land Trust Inc ($78k) and Silverton Volunteer Ambulance Service Inc ($78k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% of the total. At year end it held assets of $62k against liabilities of $0, net assets of $62k.