Grand Rapids Band Boosters Association

Analysis

Grand Rapids Band Boosters Association is a registered charity in United States, based in Grand Rapids, MN. It received its IRS tax-exemption ruling in December 1986, 40 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 August 2024, Grand Rapids Band Boosters Association reported income of $303k and spending of $316k, spending 104% of its income. Across the 5 years on record, from August 2020 to August 2024, income grew from $144k to $303k (+109%), an average of +20% a year. The sharpest change came in the year to August 2021, when income rose by 52%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Grand Rapids Band Boosters Association sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within MN. Charities of a similar size with the same main cause include Ken-Rock Elderly Apartments Inc ($302k), Port of Sacramento Japanese School ($303k) and Transplant Recipients International Organization Inc ($302k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 9.3% and program service revenue 77% of the total. At year end it held assets of $235k against liabilities of $10k, net assets of $224k.