Apex Band Boosters

Analysis

Apex Band Boosters is a registered charity in United States, based in Apex, NC. It received its IRS tax-exemption ruling in August 1984, 42 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, Apex Band Boosters reported income of $181k and spending of $216k, spending 119% of what it took in. Across the 3 years on record, from March 2019 to March 2023, income grew from $140k to $181k (+30%), an average of +14% a year. The sharpest change came in the year to March 2020, when income rose by 24%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Apex Band Boosters 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 52nd percentile, and in the 49th percentile within NC. Charities of a similar size with the same main cause include Camp of Colors Inc ($181k), PTA Arizona Congress of Parents and Teachers Inc ($181k) and Jasonville Good Samaritan Housing Inc ($181k).

On its Form 990-EZ for the period ending March 2023, revenue came from contributions and grants 21% of the total. At year end it held assets of $100k against liabilities of $0, net assets of $100k.