Prosper Band Booster Club

Analysis

Prosper Band Booster Club is a registered charity in United States, based in Prosper, TX. It received its IRS tax-exemption ruling in March 2013, 13 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 May 2023, Prosper Band Booster Club reported income of $532k and spending of $475k, spending 89% of its income. Across the 3 years on record, from May 2021 to May 2023, income grew from $158k to $532k (+237%), an average of +84% a year. The sharpest change came in the year to May 2022, when income rose by 216%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Prosper Band Booster Club sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include Guam Educational Radio Foundation ($532k), Monuments Men and Women Foundation ($532k) and Connecticut Radio Information System Inc ($531k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $63k against liabilities of $0, net assets of $63k.