Southgate Band Boosters

Analysis

Southgate Band Boosters is a registered charity in United States, based in Wyandotte, MI. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Southgate Band Boosters reported income of $127k and spending of $139k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $193k to $127k (-34%), an average of -9.9% a year. The sharpest change came in the year to December 2020, when income dropped by 54%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Southgate Band Boosters sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within MI. Charities of a similar size with the same main cause include Westborough Connects Inc ($127k), Montgomery County Law Enforcement Memorial Inc ($127k) and Friends of the Chief Foundation ($127k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% of the total. At year end it held assets of $103k against liabilities of $0, net assets of $103k.