Magnolia High School Football Booster Club

Analysis

Magnolia High School Football Booster Club is a registered charity in United States, based in Magnolia, TX. It received its IRS tax-exemption ruling in August 2014, 12 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Magnolia High School Football Booster Club reported income of $106k and spending of $106k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $108k to $106k (-2.1%), an average of -2.1% a year. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Magnolia High School Football Booster Club sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 41st percentile within TX. Charities of a similar size with the same main cause include Smyrna Fastpitch League ($106k), Matteson Youth Athletic Association ($106k) and Inner City Youth Program Corp ($106k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 32% of the total. At year end it held assets of $48k against liabilities of $0, net assets of $48k.