Solon Academic Boosters Club

Analysis

Solon Academic Boosters Club is a registered charity in United States, based in Solon, OH. It received its IRS tax-exemption ruling in March 2001, 25 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 July 2023, Solon Academic Boosters Club reported income of $99k and spending of $86k, spending 87% of its income. Across the 2 years on record, from July 2022 to July 2023, income fell from $103k to $99k (-3.4%), an average of -3.4% a year. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Solon Academic Boosters Club sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 37th percentile within OH. Charities of a similar size with the same main cause include Dreaming for Change USA ($99k), Flagler Tiger Bay Club Inc ($99k) and Eagle River Football Booster Club ($99k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $90k against liabilities of $0, net assets of $90k.