Independence High School 76th Cavalry Band Boosters Club

Analysis

Independence High School 76th Cavalry Band Boosters Club is a registered charity in United States, based in Milpitas, CA. It received its IRS tax-exemption ruling in October 1983, 43 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Independence High School 76th Cavalry Band Boosters Club reported income of $320k and spending of $321k, spending 100% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $133k to $320k (+140%), an average of +140% a year. The sharpest change came in the year to June 2024, when income rose by 140%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Independence High School 76th Cavalry Band Boosters Club sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Piqua Library Assistance and Development Fund ($320k), Central Virginia Governors School Foundation ($320k) and Morehead Rowan County Industrial Development Authority Inc ($320k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.1% and program service revenue 99% of the total. At year end it held assets of $41k against liabilities of $0, net assets of $41k.