Lufkin Band Boosters

Analysis

Lufkin Band Boosters is a registered charity in United States, based in Lufkin, TX. It received its IRS tax-exemption ruling in May 1974, 52 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 May 2024, Lufkin Band Boosters reported income of $182k and spending of $201k, spending 110% of what it took in. Across the 5 years on record, from May 2020 to May 2024, income grew from $159k to $182k (+15%), an average of +3.5% a year. The sharpest change came in the year to May 2022, when income rose by 144%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lufkin Band Boosters sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within TX. Charities of a similar size with the same main cause include McKim Community Association Inc ($182k), Good Shepherd Fairview Foundation Inc ($182k) and Yadkin Valley United Fund Inc ($182k).

On its Form 990 for the period ending May 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $67k against liabilities of $0, net assets of $67k.