Red Oak Band Boosters Association

Analysis

Red Oak Band Boosters Association is a registered charity in United States, based in Red Oak, TX. It received its IRS tax-exemption ruling in January 2015, 11 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, Red Oak Band Boosters Association reported income of $175k and spending of $158k, spending 90% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $175k to $175k (+0.4%), an average of +0.1% a year. The sharpest change came in the year to June 2022, when income rose by 152%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Red Oak Band Boosters Association sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within TX. Charities of a similar size with the same main cause include Mason Holdings Theatre Inc ($175k), Scalehouse ($175k) and Three Girls Theatre Company Inc ($175k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 12% of the total. At year end it held assets of $49k against liabilities of $0, net assets of $49k.