Jay Patriot Band Boosters Corporation

Analysis

Jay Patriot Band Boosters Corporation is a registered charity in United States, based in Portland, IN. It received its IRS tax-exemption ruling in April 1976, 50 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Jay Patriot Band Boosters Corporation reported income of $81k and spending of $103k, spending 127% of what it took in. Across the 5 years on record, from May 2020 to May 2024, income fell from $108k to $81k (-25%), an average of -6.9% a year. The sharpest change came in the year to May 2022, when income rose by 50%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Jay Patriot Band Boosters Corporation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within IN. Charities of a similar size with the same main cause include Amagansett Historical Association ($81k), Masonic Service Bureau of Rochester N Y Inc ($81k) and Catholic Education Development Fund ($81k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 22% and program service revenue 37% of the total. At year end it held assets of $41k against liabilities of $0, net assets of $41k.

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.