Spencerville Band Boosters

Analysis

Spencerville Band Boosters is a registered charity in United States, based in Spencerville, OH. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Spencerville Band Boosters reported income of $53k and spending of $16k, leaving 69% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $47k to $53k (+13%), an average of +6.4% a year. The sharpest change came in the year to December 2023, when income rose by 638%. Over the whole period it spent 41% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Spencerville Band Boosters sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 21st percentile within OH. Charities of a similar size with the same main cause include Windham Endowment for Community Advancement ($53k), SEND Me on Vacation Inc ($53k) and Rotary Foundation of South Oldham I NC ($53k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 4.5% of the total. At year end it held assets of $225k against liabilities of $34k, net assets of $191k.