New Palestine Band Boosters Association

Analysis

New Palestine Band Boosters Association is a registered charity in United States, based in New Palestine, IN. It received its IRS tax-exemption ruling in October 1981, 45 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 May 2024, New Palestine Band Boosters Association reported income of $176k and spending of $176k, spending 100% of its income. Across the 2 years on record, from May 2023 to May 2024, income fell from $217k to $176k (-19%), an average of -19% a year. The sharpest change came in the year to May 2024, when income dropped by 19%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Palestine Band Boosters Association 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 51st percentile, and in the 50th percentile within IN. Charities of a similar size with the same main cause include Timber Heritage Association ($176k), Anna R Waterman Trust U W 001018-01 ($176k) and Stanley Jones Trust ($176k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 0.6% and program service revenue 46% of the total. At year end it held assets of $110k against liabilities of $19k, net assets of $92k.