HSHS Choral Booster Club

Analysis

HSHS Choral Booster Club is a registered charity in United States, based in Holly Springs, NC. It received its IRS tax-exemption ruling in August 2014, 12 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, HSHS Choral Booster Club reported income of $56k and spending of $33k, leaving 41% of income unspent that year. Across the 4 years on record, from June 2020 to June 2024, income fell from $188k to $56k (-70%), an average of -33% a year. The sharpest change came in the year to June 2021, when income dropped by 77%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, HSHS Choral Booster Club sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within NC. Charities of a similar size with the same main cause include PDL Living Heritage Hub Inc ($56k), Native American House Alliance Inc ($56k) and National Society of Black Engineers ($56k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 22% and program service revenue 67% of the total. At year end it held assets of $86k against liabilities of $0, net assets of $86k.