East Lake Band Boosters Corporation

Analysis

East Lake Band Boosters Corporation is a registered charity in United States, based in Palm Harbor, FL. It received its IRS tax-exemption ruling in November 1997, 29 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, East Lake Band Boosters Corporation reported income of $168k and spending of $158k, spending 94% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $118k to $168k (+42%), an average of +42% a year. The sharpest change came in the year to June 2023, when income rose by 42%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, East Lake Band Boosters Corporation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 53rd percentile within FL. Charities of a similar size with the same main cause include Poor Farm Exhibitions and Press Incorporated ($168k), American Friends of Maru a Pula School Inc ($168k) and Innovation Trail of Greater Boston Inc ($167k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 7.9% and program service revenue 78% of the total. At year end it held assets of $51k against liabilities of $0, net assets of $51k.