Greenwave Band Booster Inc

Analysis

Greenwave Band Booster Inc is a registered charity in United States, based in Fort Myers, FL. It received its IRS tax-exemption ruling in October 1995, 31 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, Greenwave Band Booster Inc reported income of $358k and spending of $411k, spending 115% of what it took in. Across the 5 years on record, from April 2020 to June 2023, income grew from $74k to $358k (+382%), an average of +48% a year. The sharpest change came in the year to June 2021, when income rose by 537%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Greenwave Band Booster Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 68th percentile within FL. Charities of a similar size with the same main cause include Justice Theater Project ($358k), Juneau Symphony Inc ($358k) and Princeton Theater Group ($358k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.8% and program service revenue 81% of the total. At year end it held assets of $70k against liabilities of $34, net assets of $70k.