Penn High School Band Boosters

Analysis

Penn High School Band Boosters is a registered charity in United States, based in Mishawaka, IN. It received its IRS tax-exemption ruling in October 1999, 27 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 December 2023, Penn High School Band Boosters reported income of $186k and spending of $187k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $144k to $186k (+29%), an average of +6.7% a year. The sharpest change came in the year to December 2021, when income rose by 151%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Penn High School Band Boosters sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 51st percentile within IN. Charities of a similar size with the same main cause include Cube Basketball Inc ($186k), Urbandale Boosters Inc ($186k) and Nextgen Chamber of Commerce Foundation ($186k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.8% and program service revenue 53% of the total. At year end it held assets of $19k against liabilities of $0, net assets of $19k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.