Permian Band and Orchestra Boosters

Analysis

Permian Band and Orchestra Boosters is a registered charity in United States, based in Odessa, TX. It received its IRS tax-exemption ruling in September 1978, 48 years ago. 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 December 2023, Permian Band and Orchestra Boosters reported income of $64k and spending of $42k, leaving 34% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income fell from $204k to $64k (-68%), an average of -44% a year. The sharpest change came in the year to December 2022, when income dropped by 83%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Permian Band and Orchestra Boosters sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within TX. Charities of a similar size with the same main cause include Dupont Circle Citizens Association ($64k), Highlanders Booster Club ($64k) and Industry Advancement Fund Inc ($64k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $57k against liabilities of $9,315, net assets of $48k.