Glenwood Booster Club

Analysis

Glenwood Booster Club is a registered charity in United States, based in Glenwood, IA. It received its IRS tax-exemption ruling in May 2010, 16 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 2023, Glenwood Booster Club reported income of $247k and spending of $404k, spending 164% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $219k to $247k (+13%), an average of +4.1% a year. The sharpest change came in the year to June 2022, when income rose by 37%. Over the whole period it spent 157% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Glenwood Booster Club sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 59th percentile within IA. Charities of a similar size with the same main cause include Kahlon Family Services School - KFS School ($247k), Greater Atlanta Christian Foundation Inc ($247k) and LCSD 2 Education Foundation ($247k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 50% of the total. At year end it held assets of $215k against liabilities of $0, net assets of $215k.