Lake Belton Band Boosters

Analysis

Lake Belton Band Boosters is a registered charity in United States, based in Belton, TX. It received its IRS tax-exemption ruling in June 2020, 6 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 June 2024, Lake Belton Band Boosters reported income of $137k and spending of $133k, spending 97% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $87k to $137k (+57%), an average of +58% a year. The sharpest change came in the year to June 2024, when income rose by 57%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lake Belton Band Boosters sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 48th percentile within TX. Charities of a similar size with the same main cause include Chicagoland Italian American ($137k), Athens Rotary Foundation ($137k) and Clovis Municipal Schools Foundation Inc ($137k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 22% and program service revenue 70% of the total. At year end it held assets of $55k against liabilities of $62, net assets of $55k.