The Colony Band Booster Club Inc

Analysis

The Colony Band Booster Club Inc is a registered charity in United States, based in The Colony, TX. It received its IRS tax-exemption ruling in November 1993, 33 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 May 2023, The Colony Band Booster Club Inc reported income of $449k and spending of $449k, spending 100% of its income. Across the 6 years on record, from May 2018 to May 2023, income grew from $402k to $449k (+12%), an average of +2.2% a year. The sharpest change came in the year to May 2022, when income rose by 104%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Colony Band Booster Club Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Networks Inc ($449k), Riverwood Health Care Center & Comm Hospital Foundation ($450k) and West Virginia Behavioral Health Care Providers Association Inc ($449k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 42% of the total. At year end it held assets of $164k against liabilities of $47k, net assets of $117k.