Independence High School Band Boosters

Analysis

Independence High School Band Boosters is a registered charity in United States, based in Frisco, TX. It received its IRS tax-exemption ruling in September 2015, 11 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 2023, Independence High School Band Boosters reported income of $238k and spending of $171k, leaving 28% of income unspent that year. Across the 4 years on record, from May 2020 to May 2023, income grew from $227k to $238k (+4.9%), an average of +1.6% a year. The sharpest change came in the year to May 2023, when income rose by 167%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Independence High School Band Boosters sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within TX. Charities of a similar size with the same main cause include Knollwood Christian School ($238k), Fort Thomas Independent PTO ($238k) and Crawford Ausable Excellence in Education Foundation ($238k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $87k against liabilities of $0, net assets of $87k.