Lumberton Band Boosters Inc

Analysis

Lumberton Band Boosters Inc is a registered charity in United States, based in Lumberton, TX. It received its IRS tax-exemption ruling in September 1983, 43 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 February 2023, Lumberton Band Boosters Inc reported income of $82k and spending of $71k, spending 86% of its income. Across the 5 years on record, from February 2019 to February 2023, income fell from $132k to $82k (-38%), an average of -11% a year. The sharpest change came in the year to February 2022, when income rose by 61%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lumberton Band Boosters Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 34th percentile within TX. Charities of a similar size with the same main cause include Down Syndrome Association of Wisconsin Inc ($82k), PTA Florida Congress ($82k) and Brunswick Junior Railroaders Boosters Inc ($82k).

On its Form 990 for the period ending February 2023, revenue came from contributions and grants 44% and program service revenue 36% of the total. At year end it held assets of $53k against liabilities of $0, net assets of $53k.