Swansboro Band Boosters Inc

Analysis

Swansboro Band Boosters Inc is a registered charity in United States, based in Swansboro, NC. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Swansboro Band Boosters Inc reported income of $205k and spending of $197k, spending 96% of its income. Across the 3 years on record, from May 2022 to May 2024, income grew from $95k to $205k (+115%), an average of +47% a year. The sharpest change came in the year to May 2023, when income rose by 85%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Swansboro Band Boosters Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within NC. Charities of a similar size with the same main cause include Kitsap Childrens Musical Theatre ($205k), Granary Art Center ($205k) and The Fayetteville Art Alliance ($205k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 68% and program service revenue 14% of the total. At year end it held assets of $19k against liabilities of $0, net assets of $19k.