Springfield Local Band Boosters

Analysis

Springfield Local Band Boosters is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in October 2014, 12 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 March 2024, Springfield Local Band Boosters reported income of $163k and spending of $134k, spending 82% of its income. Across the 6 years on record, from March 2019 to March 2024, income fell from $214k to $163k (-24%), an average of -5.3% a year. The sharpest change came in the year to March 2022, when income rose by 644%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Springfield Local Band Boosters sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 50th percentile within OH. Charities of a similar size with the same main cause include Foundation for Petaluma Public Waldorf ($163k), Lafayette Parent-Teacher Association 6 15 185 ($163k) and Getwitit Inc ($163k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 46% and program service revenue 0.6% of the total. At year end it held assets of $122k against liabilities of $0, net assets of $122k.