I V C Band Boosters

Analysis

I V C Band Boosters is a registered charity in United States, based in Chillicothe, IL. It received its IRS tax-exemption ruling in March 1998, 28 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 May 2024, I V C Band Boosters reported income of $128k and spending of $106k, spending 83% of its income. Across the 2 years on record, from May 2023 to May 2024, income grew from $101k to $128k (+27%), an average of +27% a year. The sharpest change came in the year to May 2024, when income rose by 27%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, I V C Band Boosters sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 44th percentile within IL. Charities of a similar size with the same main cause include Humanities Institute ($128k), Friends of the Marshalltown Iowa Public Library Inc ($128k) and Roberts Elementary School PTO ($128k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 21% and program service revenue 18% of the total. At year end it held assets of $98k against liabilities of $0, net assets of $98k.