Lexington High School Band Boosters

Analysis

Lexington High School Band Boosters is a registered charity in United States, based in Lexington, SC. It received its IRS tax-exemption ruling in May 1985, 41 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 June 2024, Lexington High School Band Boosters reported income of $234k and spending of $250k, spending 107% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $169k to $234k (+39%), an average of +6.8% a year. The sharpest change came in the year to June 2023, when income rose by 111%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lexington High School Band Boosters sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 62nd percentile within SC. Charities of a similar size with the same main cause include Samuel School ($234k), Serve and Succeed Charitable Foundation ($234k) and Palmetto Ridge Highschool Band Boosters Inc ($234k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 45% of the total. At year end it held assets of $47k against liabilities of $1,308, net assets of $46k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.