Hastings Band Boosters

Analysis

Hastings Band Boosters is a registered charity in United States, based in Hastings, MI. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2024, Hastings Band Boosters reported income of $114k and spending of $236k, spending 206% of what it took in. Across the 4 years on record, from June 2020 to June 2024, income grew from $65k to $114k (+75%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 304%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hastings Band Boosters sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 40th percentile within MI. Charities of a similar size with the same main cause include Swaida American Society ($114k), Friends of Incontri in Terra Di Siena Inc ($114k) and Union Club Foundation ($114k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 13% and program service revenue 53% of the total. At year end it held assets of $104k against liabilities of $11k, net assets of $93k.