Franklin High School Band Boosters Inc

Analysis

Franklin High School Band Boosters Inc is a registered charity in United States, based in Franklin, TN. It received its IRS tax-exemption ruling in June 1983, 43 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, Franklin High School Band Boosters Inc reported income of $314k and spending of $268k, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $477k to $314k (-34%), an average of -9.9% a year. The sharpest change came in the year to June 2022, when income rose by 52%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Franklin High School Band Boosters Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 64th percentile within TN. Charities of a similar size with the same main cause include Luis & Linda Nieves Family Foundation ($314k), The Commons Foundation ($314k) and Dumas Education Foundation Inc ($314k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 42% of the total. At year end it held assets of $113k against liabilities of $1,068, net assets of $112k.