Needham B Broughton High School Band Boosters Inc

Analysis

Needham B Broughton High School Band Boosters Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in October 1986, 40 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 2024, Needham B Broughton High School Band Boosters Inc reported income of $93k and spending of $45k, leaving 52% of income unspent that year. Across the 3 years on record, from June 2020 to June 2024, income grew from $68k to $93k (+36%), an average of +17% a year. The sharpest change came in the year to June 2024, when income rose by 128%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Needham B Broughton High School Band Boosters Inc sits at the 35th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within NC. Charities of a similar size with the same main cause include Umkc Alumni Association ($93k), Edenton-Chowan Educational Foundation Inc ($93k) and Hayward Community Schools Educ Foundation Inc ($93k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 62% and program service revenue 33% of the total. At year end it held assets of $65k against liabilities of $0, net assets of $65k.