Cypress Band and Drill Team Booster Club

Analysis

Cypress Band and Drill Team Booster Club is a registered charity in United States, based in Cypress, CA. It received its IRS tax-exemption ruling in August 1976, 50 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, Cypress Band and Drill Team Booster Club reported income of $190k and spending of $185k, spending 98% of its income. Across the 4 years on record, from March 2020 to March 2023, income fell from $350k to $190k (-46%), an average of -18% a year. The sharpest change came in the year to March 2023, when income rose by 144%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cypress Band and Drill Team Booster Club sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include Louisa County Ambulance ($190k), River City Residential Club Inc ($190k) and Arts Access Incorporated ($190k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 82% and program service revenue 14% of the total. Other salaries and wages came to $88k. At year end it held assets of $7,106 against liabilities of $0, net assets of $7,106.