Lake Norman Charter Athletic Booster Club

Analysis

Lake Norman Charter Athletic Booster Club is a registered charity in United States, based in Huntersville, NC. It received its IRS tax-exemption ruling in February 2012, 14 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, Lake Norman Charter Athletic Booster Club reported income of $169k and spending of $117k, leaving 31% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $163k to $169k (+3.7%), an average of +3.7% a year. Over the whole period it spent 67% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lake Norman Charter Athletic 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 50th percentile, and in the 48th percentile within NC. Charities of a similar size with the same main cause include Kentuckianaworks Foundation Inc ($169k), Paul Laurence Dunbar Band Parents Association Inc ($169k) and Glacier Society Inc ($169k).

On its Form 990-EZ for the period ending June 2023, revenue came from program service revenue 53% of the total. At year end it held assets of $189k against liabilities of $0, net assets of $189k.