Owen District Band Boosters Inc

Analysis

Owen District Band Boosters Inc is a registered charity in United States, based in Swannanoa, NC. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Owen District Band Boosters Inc reported income of $73k and spending of $72k, spending 99% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $39k to $73k (+84%), an average of +84% a year. The sharpest change came in the year to June 2024, when income rose by 84%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Owen District Band Boosters Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within NC. Charities of a similar size with the same main cause include Cornerstone Community Development Corporation ($73k), Fresh Start Cafe ($73k) and Aago Foundation Inc ($73k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 19% of the total. At year end it held assets of $8,494 against liabilities of $0, net assets of $8,494.