Broomfield High School Band Parents Association

Analysis

Broomfield High School Band Parents Association is a registered charity in United States, based in Broomfield, CO. It received its IRS tax-exemption ruling in July 1973, 53 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, Broomfield High School Band Parents Association reported income of $61k and spending of $62k, spending 103% of its income. Across the 3 years on record, from May 2020 to May 2023, income fell from $81k to $61k (-25%), an average of -14% a year. The sharpest change came in the year to May 2023, when income rose by 168%. Over the whole period it spent 122% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Broomfield High School Band Parents Association sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 20th percentile within CO. Charities of a similar size with the same main cause include Columbia Gridiron Association Inc ($61k), Parent Booster USA Inc ($61k) and Timuquana Cares Employee Foundation Inc ($61k).

On its Form 990-EZ for the period ending May 2023, revenue came from contributions and grants 24% and program service revenue 38% of the total. At year end it held assets of $38k against liabilities of $0, net assets of $38k.

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.