Tascosa Band & Orchestra Parents

Analysis

Tascosa Band & Orchestra Parents is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in December 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Tascosa Band & Orchestra Parents reported income of $160k and spending of $161k, spending 101% of its income. Across the 4 years on record, from May 2020 to May 2023, income fell from $345k to $160k (-54%), an average of -23% a year. The sharpest change came in the year to May 2022, when income rose by 48%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tascosa Band & Orchestra Parents sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 52nd percentile within TX. Charities of a similar size with the same main cause include Evans Scholars Foundation ($160k), Project Lifelong ($160k) and Augustine Educational Foundation ($160k).

On its Form 990 for the period ending May 2023, revenue came from program service revenue 29% of the total. At year end it held assets of $184k against liabilities of $0, net assets of $184k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.