Guardians Drum and Bugle Corps

Analysis

Guardians Drum and Bugle Corps is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in March 2019, 7 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 December 2023, Guardians Drum and Bugle Corps reported income of $475k and spending of $515k, spending 108% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $700k to $475k (-32%), an average of -7.5% a year. The sharpest change came in the year to December 2021, when income rose by 325%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Guardians Drum and Bugle Corps sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include World Privacy Forum ($475k), Faith in God Baptist Church ($475k) and Child Care Center ($475k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.8% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $17k (3.4% of expenses). At year end it held assets of $23k against liabilities of $100k, net assets of -$77k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.