Franklin-Simpson Band Boosters Inc

Analysis

Franklin-Simpson Band Boosters Inc is a registered charity in United States, based in Franklin, KY. It received its IRS tax-exemption ruling in May 2013, 13 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 May 2024, Franklin-Simpson Band Boosters Inc reported income of $71k and spending of $77k, spending 109% of what it took in. Across the 2 years on record, from May 2023 to May 2024, income grew from $44k to $71k (+60%), an average of +60% a year. The sharpest change came in the year to May 2024, when income rose by 60%. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Franklin-Simpson Band Boosters Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within KY. Charities of a similar size with the same main cause include Pirchei of Atlanta ($70k), Monahans High School Bandboosters ($71k) and Robert E Lee SBDT Booster Club ($70k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 18% and program service revenue 33% of the total. At year end it held assets of $8,050 against liabilities of $0, net assets of $8,050.