Lancaster Band Boosters Inc

Analysis

Lancaster Band Boosters Inc is a registered charity in United States, based in Lancaster, OH. It received its IRS tax-exemption ruling in September 1967, 59 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 June 2023, Lancaster Band Boosters Inc reported income of $55k and spending of $55k, spending 100% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $35k to $55k (+58%), an average of +26% a year. The sharpest change came in the year to June 2022, when income rose by 107%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lancaster 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 Caritas Creek ($55k), Meigs County Farmers Market LLC ($55k) and Medford Lakes Lions Charities Inc ($55k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% of the total. At year end it held assets of $525k against liabilities of $7,550, net assets of $517k.