Needham Broughton High School Caps Club

Analysis

Needham Broughton High School Caps Club is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in April 1977, 49 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 June 2023, Needham Broughton High School Caps Club reported income of $682k and spending of $624k, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $233k to $682k (+193%), an average of +31% a year. The sharpest change came in the year to June 2022, when income rose by 617%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Needham Broughton High School Caps Club sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within NC. Charities of a similar size with the same main cause include Blue Mountain Community College Foundation ($682k), Leadership Alabama Inc ($683k) and Dot Tot Center ($682k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 21% of the total. At year end it held assets of $294k against liabilities of $6,316, net assets of $287k.