Waconia Band Boosters Inc

Analysis

Waconia Band Boosters Inc is a registered charity in United States, based in Waconia, MN. It received its IRS tax-exemption ruling in July 2003, 23 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 August 2023, Waconia Band Boosters Inc reported income of $117k and spending of $127k, spending 109% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $330k to $117k (-65%), an average of -23% a year. The sharpest change came in the year to August 2020, when income dropped by 66%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Waconia Band Boosters Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 38th percentile within MN. Charities of a similar size with the same main cause include Rising Sun-Ohio County Public School Endowment Corporation ($117k), Manna Project International ($117k) and Hendersonville Soccer Foundation Inc ($117k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $95k against liabilities of $0, net assets of $95k.