Friendswood Mustangs Booster Club Inc

Analysis

Friendswood Mustangs Booster Club Inc is a registered charity in United States, based in Friendswood, TX. It received its IRS tax-exemption ruling in February 2002, 24 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Friendswood Mustangs Booster Club Inc reported income of $1.1m and spending of $1.1m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $258k to $1.1m (+340%), an average of +45% a year. The sharpest change came in the year to June 2022, when income rose by 232%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Friendswood Mustangs Booster Club Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include All4one Inc ($1.1m), Sioux Empire Baseball Association ($1.1m) and Lake of the Ozarks Shootout ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $304k against liabilities of $0, net assets of $304k.