Boosters Foundation Inc

Analysis

Boosters Foundation Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in August 2016, 10 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 private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2020, Boosters Foundation Inc reported income of $286k and spending of $29k, leaving 90% of income unspent that year. Across the 2 years on record, from December 2019 to December 2020, income fell from $400k to $286k (-29%), an average of -29% a year. The sharpest change came in the year to December 2020, when income dropped by 29%. Over the whole period it spent 12% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Boosters Foundation Inc 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 61st percentile, and in the 64th percentile within FL. Charities of a similar size with the same main cause include Marion Public Library Foundation ($286k), Bubba Moore Memorial Group Inc ($286k) and Lincoln Rotary Club 14 Foundation ($286k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 13% of the total. At year end it held assets of $2.3m against liabilities of $1.7m, net assets of $605k.