Gator Boosters Inc

Analysis

Gator Boosters Inc is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in October 1940, 86 years ago. 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, Gator Boosters Inc reported income of $54.4m and spending of $54.4m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $42.1m to $54.4m (+29%), an average of +6.6% a year. The sharpest change came in the year to June 2022, when income rose by 273%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gator Boosters Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Amikids Inc ($54.4m), Foodbank for the Heartland ($54.4m) and President & Scholars of the College of Saint Mary Magdalen in the Univ ($54.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $509k (0.9% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $35.4m against liabilities of $35.8m, net assets of -$438k. It reported 17 employees.