McKinney High School Band Boosters

Analysis

McKinney High School Band Boosters is a registered charity in United States, based in McKinney, TX. It received its IRS tax-exemption ruling in December 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, McKinney High School Band Boosters reported income of $340k and spending of $362k, spending 107% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income grew from $297k to $340k (+15%), an average of +4.7% a year. The sharpest change came in the year to May 2022, when income rose by 122%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, McKinney High School Band Boosters sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 68th percentile within TX. Charities of a similar size with the same main cause include Lawrenceburg Public Library Services and Resources Foundation ($340k), Rise-Reaching and Inspiring Success Through Education Corp ($340k) and Youth Services Alliance Inc ($340k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 44% and program service revenue 56% of the total. At year end it held assets of $26k against liabilities of $0, net assets of $26k.