Wickliffe Band Boosters Inc

Analysis

Wickliffe Band Boosters Inc is a registered charity in United States, based in Wickliffe, OH. It received its IRS tax-exemption ruling in March 1976, 50 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 2023, Wickliffe Band Boosters Inc reported income of $55k and spending of $88k, spending 160% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income grew from $35k to $55k (+56%), an average of +16% a year. The sharpest change came in the year to May 2022, when income rose by 109%. Over the whole period it spent 127% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wickliffe Band Boosters Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 22nd percentile within OH. Charities of a similar size with the same main cause include Legatus ($55k), Snap South Nashville Action People Inc ($55k) and North Posey Youth Club Inc Hwy 165 & 68 ($55k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 18% and program service revenue 25% of the total. At year end it held assets of $59k against liabilities of $0, net assets of $59k.