Richardson High School Area Band Club

Analysis

Richardson High School Area Band Club is a registered charity in United States, based in Richardson, TX. It received its IRS tax-exemption ruling in November 1975, 51 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, Richardson High School Area Band Club reported income of $490k and spending of $419k, spending 86% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $349k to $490k (+40%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 58%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Richardson High School Area Band Club sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Fashioneer Org ($490k), International Arts Foundation ($490k) and Sandler Center for the Performing Arts Foundation ($490k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.5% and program service revenue 87% of the total. At year end it held assets of $191k against liabilities of $0, net assets of $191k.