Gibbs Highschool Band Boosters

Analysis

Gibbs Highschool Band Boosters is a registered charity in United States, based in Corryton, TN. It received its IRS tax-exemption ruling in July 2007, 19 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 2024, Gibbs Highschool Band Boosters reported income of $91k and spending of $60k, leaving 33% of income unspent that year. Across the 2 years on record, from May 2023 to May 2024, income grew from $34k to $91k (+164%), an average of +164% a year. The sharpest change came in the year to May 2024, when income rose by 164%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gibbs Highschool Band Boosters sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 33rd percentile within TN. Charities of a similar size with the same main cause include Agape Scholars International Inc ($91k), Thomasville High School Baseball Dugout Club ($91k) and Duluth Folk School ($91k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 42% of the total. At year end it held assets of $70k against liabilities of $0, net assets of $70k.