Round Lake Area Schools Fine Arts Boosters

Analysis

Round Lake Area Schools Fine Arts Boosters is a registered charity in United States, based in Round Lake, IL. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 July 2024, Round Lake Area Schools Fine Arts Boosters reported income of $62k and spending of $50k, spending 80% of its income. Across the 2 years on record, from July 2023 to July 2024, income fell from $93k to $62k (-33%), an average of -33% a year. The sharpest change came in the year to July 2024, when income dropped by 33%. Over the whole period it spent 74% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Round Lake Area Schools Fine Arts Boosters sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within IL. Charities of a similar size with the same main cause include Regents of the University of Minnesota ($62k), Mariano-Soquena Foundation Inc ($62k) and Charlia Frank Inc ($62k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 8.7% and program service revenue 51% of the total. At year end it held assets of $100k against liabilities of $22k, net assets of $78k.