Colt Band Boosters Inc

Analysis

Colt Band Boosters Inc is a registered charity in United States, based in Coral Springs, FL. It received its IRS tax-exemption ruling in November 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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 May 2024, Colt Band Boosters Inc reported income of $73k and spending of $67k, spending 92% of its income. Across the 3 years on record, from May 2022 to May 2024, income grew from $53k to $73k (+38%), an average of +17% a year. The sharpest change came in the year to May 2024, when income rose by 37%. 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, Colt Band Boosters Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 32nd percentile within FL. Charities of a similar size with the same main cause include Children Ferst Foundation of Morgan County Inc ($73k), New Waverly Public Library Inc ($73k) and Appling County Choral Boosters Inc ($73k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $19k against liabilities of $0, net assets of $19k.