Cary Band Boosters Club
EIN: 237219498 · Cary, NC · NTEE: B25I
| Metric | Value |
|---|---|
| Total Revenue | $534K |
| Total Expenses | $469K |
| Net Assets | $136K |
Is Cary Band Boosters Club Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Cary Band Boosters Club
Cary Band Boosters Club (EIN: 237219498) is a nonprofit organization based in Cary, NC, classified under NTEE code B25I. The organization reported total revenue of $534K and total assets of $142K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cary Band Boosters Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cary Band Boosters Club is a small nonprofit that has been operating for 54 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 7.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $534K |
| Total Expenses | $469K |
| Surplus / Deficit | +$65K |
| Total Assets | $142K |
| Total Liabilities | $6K |
| Net Assets | $136K |
| Operating Margin | 12.3% |
| Debt-to-Asset Ratio | 4.1% |
| Months of Reserves | 3.6 months |
Financial Health Grade: A
In 2024, Cary Band Boosters Club reported a surplus of $65K with revenue exceeding expenses, holds 3.6 months of operating reserves (adequate), has a debt-to-asset ratio of 4.1% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Cary Band Boosters Club's revenue has grown at a compound annual growth rate (CAGR) of 7.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -9.2% | -19.1% | +87.4% |
| 2023 | +145.3% | +164.1% | +12.3% |
| 2022 | +80.8% | +49.9% | +60.9% |
| 2021 | -44.5% | -35.3% | -24.4% |
| 2020 | -2.9% | -22.2% | +3.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1972 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Cary Band Boosters Club has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cary Band Boosters Club with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $65K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.1%.
Frequently Asked Questions about Cary Band Boosters Club
Is Cary Band Boosters Club a legitimate charity?
Cary Band Boosters Club (EIN: 237219498) is a registered tax-exempt nonprofit based in North Carolina. It has 14 years of IRS 990 filings on record. Total revenue: $534K. No red flags identified. Financial health grade: A.
How does Cary Band Boosters Club spend its money?
Cary Band Boosters Club reported $534K in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Cary Band Boosters Club tax-deductible?
Cary Band Boosters Club is registered as a tax-exempt nonprofit (EIN: 237219498). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Cary Band Boosters Club located?
Cary Band Boosters Club is headquartered in Cary, North Carolina and files with the IRS under EIN 237219498. It is classified under NTEE code B25I.
How many years of IRS 990 filings does Cary Band Boosters Club have?
Cary Band Boosters Club has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $534K in total revenue.
Filing History
IRS 990 filing history for Cary Band Boosters Club showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Cary Band Boosters Club's revenue has grown by 161.8%, moving from $204K to $534K. Total assets increased by 71.9% over the same period, from $83K to $142K. Total functional expenses rose by 121.9%, from $211K to $469K. In its most recent filing year (2024), Cary Band Boosters Club reported a surplus of $65K, with revenue exceeding expenses. The organization holds $6K in liabilities against $142K in assets (debt-to-asset ratio: 4.1%), resulting in net assets of $136K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $534K | $469K | $142K | $6K | — | — |
| 2023 | $588K | $579K | $76K | $5K | — | View 990 |
| 2022 | $240K | $219K | $68K | $5K | — | View 990 |
| 2021 | $133K | $146K | $42K | $148 | — | View 990 |
| 2020 | $239K | $226K | $56K | $0 | — | View 990 |
| 2019 | $246K | $291K | $53K | $10K | — | View 990 |
| 2018 | $320K | $299K | $89K | $865 | — | View 990 |
| 2017 | $385K | $442K | $67K | $0 | — | View 990 |
| 2016 | $323K | $243K | $124K | $0 | — | View 990 |
| 2015 | $229K | $259K | $47K | $2K | — | View 990 |
| 2014 | $241K | $227K | $75K | $0 | — | View 990 |
| 2013 | $218K | $235K | $61K | $0 | — | View 990 |
| 2012 | $199K | $205K | $77K | $0 | — | View 990 |
| 2011 | $204K | $211K | $83K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $534K, expenses of $469K, and assets of $142K (revenue -9.2% year-over-year).
- 2023: Revenue of $588K, expenses of $579K, and assets of $76K (revenue +145.3% year-over-year).
- 2022: Revenue of $240K, expenses of $219K, and assets of $68K (revenue +80.8% year-over-year).
- 2021: Revenue of $133K, expenses of $146K, and assets of $42K (revenue -44.5% year-over-year).
- 2020: Revenue of $239K, expenses of $226K, and assets of $56K (revenue -2.9% year-over-year).
- 2019: Revenue of $246K, expenses of $291K, and assets of $53K (revenue -23.1% year-over-year).
- 2018: Revenue of $320K, expenses of $299K, and assets of $89K (revenue -16.9% year-over-year).
- 2017: Revenue of $385K, expenses of $442K, and assets of $67K (revenue +19.2% year-over-year).
- 2016: Revenue of $323K, expenses of $243K, and assets of $124K (revenue +40.8% year-over-year).
- 2015: Revenue of $229K, expenses of $259K, and assets of $47K (revenue -4.7% year-over-year).
- 2014: Revenue of $241K, expenses of $227K, and assets of $75K (revenue +10.2% year-over-year).
- 2013: Revenue of $218K, expenses of $235K, and assets of $61K (revenue +9.5% year-over-year).
- 2012: Revenue of $199K, expenses of $205K, and assets of $77K (revenue -2.3% year-over-year).
- 2011: Revenue of $204K, expenses of $211K, and assets of $83K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cary Band Boosters Club:
Data Sources and Methodology
This transparency report for Cary Band Boosters Club is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.