Yellowjacket Band Foundation

Analysis

Yellowjacket Band Foundation is a registered charity in United States, based in Brownwood, TX. It received its IRS tax-exemption ruling in October 2007, 19 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 December 2023, Yellowjacket Band Foundation reported income of $72k and spending of $85k, spending 119% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $84k to $72k (-15%), an average of -15% a year. The sharpest change came in the year to December 2023, when income dropped by 15%. Over the whole period it spent 116% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Yellowjacket Band Foundation 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 28th percentile, and in the 29th percentile within TX. Charities of a similar size with the same main cause include Merced Sunrise Rotary Club Charity ($72k), Yarmouth Education Foundation ($72k) and Cornerstone Christian Academy Inc ($72k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $59k against liabilities of $0, net assets of $59k.