Cedar Ridge High School Band Boosters

Analysis

Cedar Ridge High School Band Boosters is a registered charity in United States, based in Round Rock, TX. It received its IRS tax-exemption ruling in October 2012, 14 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, Cedar Ridge High School Band Boosters reported income of $255k and spending of $275k, spending 108% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income grew from $227k to $255k (+12%), an average of +3.8% a year. The sharpest change came in the year to May 2022, when income rose by 168%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cedar Ridge High School Band Boosters sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within TX. Charities of a similar size with the same main cause include Riding Academy of NJ Inc ($254k), Oakland Homeschool Music Inc ($255k) and Infinity Christian Academy ($254k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 15% of the total. At year end it held assets of $99k against liabilities of $16k, net assets of $83k.

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.