Is Hanahan Athletic Booster Club Legit?

The Hanahan Athletic Booster Club demonstrates a generally healthy financial position, with consistent growth in revenue and assets over the past decade. In the most recent filing (202406), the organization reported revenues of $333,407 against expenses of $376,580, indicating a deficit for that period. However, this follows several years of revenue exceeding expenses, contributing to a substantial increase in assets from $59,779 in 2015 to $264,986 in 2024. The club's liabilities consistently remain at $0, which is a strong indicator of financial stability and responsible management, as it suggests no outstanding debts. The organization's spending efficiency appears to be focused on its program services, as is typical for booster clubs directly supporting athletic programs. The absence of reported officer compensation across all filings is a significant positive for transparency and efficiency, indicating that leadership is likely volunteer-based, which maximizes funds available for programs. While a detailed breakdown of program vs. administrative vs. fundraising expenses isn't explicitly provided in the summary data, the lack of officer compensation suggests a lean operational structure. Overall, the Hanahan Athletic Booster Club exhibits good financial health and a strong commitment to its mission, evidenced by asset growth and zero liabilities. The consistent filing of IRS 990s over 13 periods also points to a commitment to transparency. The recent deficit in 202406 warrants monitoring but does not overshadow the overall positive trend.