Lake Norman High School Band Booster Association

Analysis

Lake Norman High School Band Booster Association is a registered charity in United States, based in Mooresville, NC. It received its IRS tax-exemption ruling in April 2007, 19 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 2024, Lake Norman High School Band Booster Association reported income of $131k and spending of $88k, leaving 32% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $28k to $131k (+366%), an average of +36% a year. The sharpest change came in the year to June 2020, when income rose by 92%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lake Norman High School Band Booster Association sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within NC. Charities of a similar size with the same main cause include National Panhellenic Conference ($131k), Pacific Cross Preparatory ($131k) and Cita-Edu Inc ($131k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 19% and program service revenue 40% of the total. At year end it held assets of $84k against liabilities of $0, net assets of $84k.