Merrol Hyde Magnet School Athletic Booster Club Inc

Analysis

Merrol Hyde Magnet School Athletic Booster Club Inc is a registered charity in United States, based in Hendersonvlle, TN. It received its IRS tax-exemption ruling in October 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Merrol Hyde Magnet School Athletic Booster Club Inc reported income of $53k and spending of $52k, spending 99% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $46k to $53k (+14%), an average of +14% a year. Over the whole period it spent 111% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Merrol Hyde Magnet School Athletic Booster Club Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within TN. Charities of a similar size with the same main cause include Linden Elementary Parents & Teachers Club ($53k), Authors in April Incorporated ($53k) and Rolla Chapter of Beta Sigma Psi Charitable Fountation ($53k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 14% of the total. At year end it held assets of $78k against liabilities of $0, net assets of $78k.