Kingwood Band Boosters Club Inc

Analysis

Kingwood Band Boosters Club Inc is a registered charity in United States, based in Kingwood, TX. It received its IRS tax-exemption ruling in December 1993, 33 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2024, Kingwood Band Boosters Club Inc reported income of $245k and spending of $321k, spending 131% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $205k to $245k (+20%), an average of +4.6% a year. The sharpest change came in the year to June 2022, when income rose by 224%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Kingwood Band Boosters Club Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 62nd percentile within TX. Charities of a similar size with the same main cause include Slifer Smith & Frampton Foundation ($245k), Light of Life Performing Arts ($245k) and Provo Foundation ($245k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 6.8% and program service revenue 66% of the total. At year end it held assets of $102k against liabilities of $0, net assets of $102k.