Quick charity verification for Holly Springs High School Band Boosters (EIN: 113787117)
Verdict: Holly Springs High School Band Boosters appears trustworthy
98/100Mission Score
$309KRevenue
$200KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth, from $99,604 in 2016 to $290,240 in 2024.
0% officer compensation reported across all filings, indicating a volunteer-driven model.
Strong program spending efficiency, with expenses closely matching revenue (e.g., $273,910 expenses vs. $290,240 revenue in 2024).
Healthy asset growth, from $72,688 in 2015 to $165,860 in 2024, providing financial stability.
Low liabilities relative to assets, indicating sound financial management (e.g., $2,350 liabilities vs. $165,860 assets in 2024).
Spending Breakdown
How Holly Springs High School Band Boosters allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Holly Springs High School Band Boosters
Is Holly Springs High School Band Boosters a legitimate charity?
Based on AI analysis of IRS 990 filings, Holly Springs High School Band Boosters (EIN: 113787117) appears trustworthy. Mission Score: 98/100. 0 red flags identified, 5 strengths noted.
Is Holly Springs High School Band Boosters a good charity to donate to?
Holly Springs High School Band Boosters has a Mission Score of 98/100. Revenue: $309K. Assets: $200K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Holly Springs High School Band Boosters?
The Employer Identification Number (EIN) for Holly Springs High School Band Boosters is 113787117. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Holly Springs High School Band Boosters spend its money?
Holly Springs High School Band Boosters allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Holly Springs High School Band Boosters's tax-exempt status?
You can verify Holly Springs High School Band Boosters's tax-exempt status using EIN 113787117 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Holly Springs High School Band Boosters demonstrates strong financial health and efficient spending, particularly given its mission to support a high school band program. The organization has shown consistent growth in revenue and assets over the past several years, with the latest reported revenue at $290,240 and assets at $165,860 for the period ending May 2024. This growth indicates increasing support and capacity to fund its programs.
The organization's spending efficiency is excellent, with expenses closely tracking revenue and a very low liability profile. For instance, in 2024, expenses were $273,910 against $290,240 in revenue, indicating that the vast majority of funds are being utilized for its charitable purpose. The consistent reporting of 0% officer compensation across all filings is a significant indicator of transparency and a volunteer-driven operational model, which maximizes funds available for programs. This commitment to minimizing administrative overhead is a hallmark of a well-managed nonprofit.
Overall, the financial data suggests a transparent and fiscally responsible organization. The steady increase in assets, from $72,688 in 2015 to $165,860 in 2024, provides a solid financial foundation. The absence of officer compensation and the clear alignment of expenses with program delivery underscore a strong commitment to its mission and efficient use of donor funds.