Vermilion Band Booster Club Inc

Analysis

Vermilion Band Booster Club Inc is a registered charity in United States, based in Vermilion, OH. It received its IRS tax-exemption ruling in June 2022, 4 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 May 2024, Vermilion Band Booster Club Inc reported income of $91k and spending of $61k, leaving 33% of income unspent that year. Across the 2 years on record, from May 2023 to May 2024, income grew from $64k to $91k (+42%), an average of +42% a year. The sharpest change came in the year to May 2024, when income rose by 42%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Vermilion Band Booster Club Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 35th percentile within OH. Charities of a similar size with the same main cause include Brighton High School Baseball Booster Club ($91k), Gaffney Bands Booster Club Inc ($91k) and Ashburn Elementary Parent Teacher Organization ($91k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 24% and program service revenue 26% of the total. At year end it held assets of $48k against liabilities of $0, net assets of $48k.