Dreadnaught Band Boosters Inc

Analysis

Dreadnaught Band Boosters Inc is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in June 1988, 38 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 2023, Dreadnaught Band Boosters Inc reported income of $125k and spending of $112k, spending 89% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $78k to $125k (+61%), an average of +61% a year. The sharpest change came in the year to June 2023, when income rose by 61%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Dreadnaught Band Boosters Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 46th percentile within FL. Charities of a similar size with the same main cause include Keyara S Gift Inc ($125k), Rocket Phonics Foundation Inc ($125k) and Living Sent Ministries ($125k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 8.2% of the total. At year end it held assets of $20k against liabilities of $0, net assets of $20k.