Boonsboro Athletic Boosters Inc

Analysis

Boonsboro Athletic Boosters Inc is a registered charity in United States, based in Boonsboro, MD. It received its IRS tax-exemption ruling in February 1994, 32 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 2023, Boonsboro Athletic Boosters Inc reported income of $55k and spending of $68k, spending 125% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $8,425 to $55k (+549%), an average of +155% a year. The sharpest change came in the year to June 2022, when income rose by 642%. Over the whole period it spent 120% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Boonsboro Athletic Boosters Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within MD. Charities of a similar size with the same main cause include Carlinville Football Club ($55k), Rebels Lacrosse Club Inc ($55k) and Hillsdale Hoops Association Inc ($55k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 54% of the total. At year end it held assets of $65k against liabilities of $0, net assets of $65k.