Prospect Band Boosters Association Inc

Analysis

Prospect Band Boosters Association Inc is a registered charity in United States, based in Mt Prospect, IL. It received its IRS tax-exemption ruling in April 1975, 51 years ago. 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 March 2023, Prospect Band Boosters Association Inc reported income of $177k and spending of $179k, spending 101% of its income. Across the 3 years on record, from March 2020 to March 2023, income grew from $176k to $177k (+0.7%), an average of +0.3% a year. The sharpest change came in the year to March 2023, when income rose by 19%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Prospect Band Boosters Association Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within IL. Charities of a similar size with the same main cause include Love in Action International Inc ($177k), Ventura County Junior Golf Association ($177k) and American Society of Civil Engineers ($177k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 19% and program service revenue 80% of the total. At year end it held assets of $147k against liabilities of $31k, net assets of $116k.