Waxahachie Band Boosters Club

Analysis

Waxahachie Band Boosters Club is a registered charity in United States, based in Waxahachie, TX. It received its IRS tax-exemption ruling in September 1967, 59 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, Waxahachie Band Boosters Club reported income of $404k and spending of $458k, spending 113% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $362k to $404k (+12%), an average of +2.8% a year. The sharpest change came in the year to May 2022, when income rose by 61%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Waxahachie Band Boosters Club sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 71st percentile within TX. Charities of a similar size with the same main cause include Modern Warrior Live ($404k), Albuquerque Hispano Chamber of Commerce Foundation ($404k) and Fbi National Academy Associates Inc ($404k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 46% and program service revenue 35% of the total. It paid $34k in professional fundraising fees. At year end it held assets of $141k against liabilities of -$436, net assets of $142k.