Laurens District 55 Band Boosters

Analysis

Laurens District 55 Band Boosters is a registered charity in United States, based in Laurens, SC. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Laurens District 55 Band Boosters reported income of $57k and spending of $75k, spending 132% of what it took in. Across the 2 years on record, from May 2023 to May 2024, income fell from $100k to $57k (-43%), an average of -43% a year. The sharpest change came in the year to May 2024, when income dropped by 43%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Laurens District 55 Band Boosters sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 28th percentile within SC. Charities of a similar size with the same main cause include LGG Uplift Foundation Inc ($57k), Staten Island Chinese School Inc ($57k) and Waynesville Parent Teacher Organization ($57k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 7.4% and program service revenue 40% of the total. At year end it held assets of $30k against liabilities of $0, net assets of $30k.