East Grand Rapids Team Boosters

Analysis

East Grand Rapids Team Boosters is a registered charity in United States, based in E Grand Rapid, MI. It received its IRS tax-exemption ruling in December 1982, 44 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 June 2023, East Grand Rapids Team Boosters reported income of $713k and spending of $701k, spending 98% of its income. Across the 6 years on record, from June 2018 to June 2023, income grew from $555k to $713k (+28%), an average of +5.1% a year. The sharpest change came in the year to June 2022, when income rose by 142%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, East Grand Rapids Team Boosters sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MI. Charities of a similar size with the same main cause include Peninsula Symphony of Northern California Association ($713k), City Parks Foundation Inc ($713k) and United Fund of Globe-Miami Inc ($713k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $3,750 (0.5% of expenses). At year end it held assets of $460k against liabilities of $0, net assets of $460k.