Troy Athens Band Boosters

Analysis

Troy Athens Band Boosters is a registered charity in United States, based in Troy, MI. It received its IRS tax-exemption ruling in February 1999, 27 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 June 2024, Troy Athens Band Boosters reported income of $188k and spending of $190k, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $179k to $188k (+5.3%), an average of +1.3% a year. The sharpest change came in the year to June 2022, when income rose by 173%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Troy Athens Band Boosters sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within MI. Charities of a similar size with the same main cause include Center for Psychoanalytic Studies Inc ($188k), Oldham County Community Scholarships Inc ($188k) and Thunderhawk Lighting Blueline Club Inc ($188k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 5.6% and program service revenue 74% of the total. At year end it held assets of $157k against liabilities of $72k, net assets of $85k.

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.