Owosso Band Boosters

Analysis

Owosso Band Boosters is a registered charity in United States, based in Owosso, MI. It received its IRS tax-exemption ruling in December 1983, 43 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, Owosso Band Boosters reported income of $89k and spending of $110k, spending 124% of what it took in. Across the 5 years on record, from May 2020 to May 2024, income grew from $58k to $89k (+54%), an average of +12% a year. The sharpest change came in the year to May 2022, when income rose by 1473%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Owosso Band Boosters sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 34th percentile within MI. Charities of a similar size with the same main cause include Cox Springs School Restoration Society ($89k), Red Clover Childrens Center Inc ($89k) and Palm Beach Freedom Institute Inc ($89k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 10% and program service revenue 81% of the total. At year end it held assets of $109k against liabilities of $0, net assets of $109k.