Faribault Booster Club

Analysis

Faribault Booster Club is a registered charity in United States, based in Faribault, MN. It received its IRS tax-exemption ruling in August 2012, 14 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Faribault Booster Club reported income of $116k and spending of $100k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $143k to $116k (-19%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Faribault Booster Club sits at the 51st percentile: it is larger than about 51% 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 North Salem Soccer Club Inc ($116k), Lakeshore Basketball Inc ($116k) and Salt Lake Figure Skating ($116k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $166k against liabilities of $0, net assets of $166k.