Virginia Band Boosters Inc

Analysis

Virginia Band Boosters Inc is a registered charity in United States, based in Virginia, MN. It received its IRS tax-exemption ruling in April 1982, 44 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 April 2023, Virginia Band Boosters Inc reported income of $82k and spending of $115k, spending 140% of what it took in. Across the 2 years on record, from April 2022 to April 2023, income grew from $11k to $82k (+633%), an average of +633% a year. The sharpest change came in the year to April 2023, when income rose by 633%. Over the whole period it spent 136% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Virginia Band Boosters Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 28th percentile within MN. Charities of a similar size with the same main cause include Serrano Parent Faculty Organization ($82k), Michigan Association of Health Physical Educ Recreation and Dance ($82k) and Amedcoedu ($82k).

On its Form 990-EZ for the period ending April 2023, revenue came from contributions and grants 0.1% and program service revenue 87% of the total. At year end it held assets of $15k against liabilities of $13k, net assets of $1,486.