Castle Band Boosters Inc

Analysis

Castle Band Boosters Inc is a registered charity in United States, based in Newburgh, IN. It received its IRS tax-exemption ruling in July 1984, 42 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, Castle Band Boosters Inc reported income of $520k and spending of $457k, spending 88% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $371k to $520k (+40%), an average of +12% a year. The sharpest change came in the year to May 2023, when income rose by 33%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Castle Band Boosters Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within IN. Charities of a similar size with the same main cause include Harvard Business School Interactive Inc ($520k), Frederick T Crosby Education Foundation Inc ($520k) and Hawaii Dental Association Foundation Inc ($520k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 9.2% and program service revenue 43% of the total. At year end it held assets of $140k against liabilities of $16k, net assets of $124k.