Waseca Band Boosters Inc

Analysis

Waseca Band Boosters Inc is a registered charity in United States, based in Waseca, MN. It received its IRS tax-exemption ruling in February 1985, 41 years ago. 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, Waseca Band Boosters Inc reported income of $62k and spending of $99k, spending 160% of what it took in. Across the 2 years on record, from April 2022 to April 2023, income fell from $72k to $62k (-14%), an average of -14% a year. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Waseca Band Boosters Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 21st percentile within MN. Charities of a similar size with the same main cause include Little League Baseball Inc ($62k), First Haitian Baptist Church ($62k) and Alpha Gamma Rho Educational Foundation of Eta Chapter ($62k).

On its Form 990-EZ for the period ending April 2023, revenue came from contributions and grants 25% of the total. At year end it held assets of $75k against liabilities of $0, net assets of $75k.