Henry Clay High School Band Boosters Inc
EIN: 237086345 · Lexington, KY · NTEE: B25I
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $225K |
| Net Assets | $195K |
Is Henry Clay High School Band Boosters Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Henry Clay High School Band Boosters Inc
Henry Clay High School Band Boosters Inc (EIN: 237086345) is a nonprofit organization based in Lexington, KY, classified under NTEE code B25I. The organization reported total revenue of $1.4M and total assets of $190K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Henry Clay High School Band Boosters Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Henry Clay High School Band Boosters Inc is a mid-size nonprofit that has been operating for 56 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $188K |
| Total Expenses | $225K |
| Surplus / Deficit | $-36,720 |
| Total Assets | $203K |
| Total Liabilities | $7K |
| Net Assets | $195K |
| Operating Margin | -19.5% |
| Debt-to-Asset Ratio | 3.7% |
| Months of Reserves | 10.8 months |
Financial Health Grade: B
In 2023, Henry Clay High School Band Boosters Inc reported a deficit of $37K with expenses exceeding revenue, holds 10.8 months of operating reserves (strong position), has a debt-to-asset ratio of 3.7% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Henry Clay High School Band Boosters Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.3% | +10.5% | -12.2% |
| 2022 | +65.5% | +239.2% | -2.1% |
| 2021 | -33.1% | -70.1% | +34.2% |
| 2020 | -28.6% | -13.1% | -10.7% |
| 2019 | +37.5% | +23.5% | +11.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1970 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Henry Clay High School Band Boosters Inc 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 Henry Clay High School Band Boosters Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $37K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.7%.
Frequently Asked Questions about Henry Clay High School Band Boosters Inc
Is Henry Clay High School Band Boosters Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Henry Clay High School Band Boosters Inc (EIN: 237086345) insufficient data. 0 red flags identified, 0 strengths noted.
How does Henry Clay High School Band Boosters Inc spend its money?
Detailed spending breakdown data is not yet available for Henry Clay High School Band Boosters Inc. Check back for updated IRS 990 analysis.
Are donations to Henry Clay High School Band Boosters Inc tax-deductible?
Henry Clay High School Band Boosters Inc is registered as a tax-exempt nonprofit (EIN: 237086345). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Henry Clay High School Band Boosters Inc located?
Henry Clay High School Band Boosters Inc is headquartered in Lexington, Kentucky and files with the IRS under EIN 237086345. It is classified under NTEE code B25I.
How many years of IRS 990 filings does Henry Clay High School Band Boosters Inc have?
Henry Clay High School Band Boosters Inc has 12 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 $1.4M in total revenue.
Filing History
IRS 990 filing history for Henry Clay High School Band Boosters Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Henry Clay High School Band Boosters Inc's revenue has grown by 13.1%, moving from $166K to $188K. Total assets decreased by 22.1% over the same period, from $260K to $203K. Total functional expenses rose by 82.8%, from $123K to $225K. In its most recent filing year (2023), Henry Clay High School Band Boosters Inc reported a deficit of $37K, with expenses exceeding revenue. The organization holds $7K in liabilities against $203K in assets (debt-to-asset ratio: 3.7%), resulting in net assets of $195K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $188K | $225K | $203K | $7K | — | View 990 |
| 2022 | $199K | $203K | $231K | $0 | — | View 990 |
| 2021 | $120K | $60K | $236K | $0 | — | View 990 |
| 2020 | $179K | $201K | $176K | $0 | — | View 990 |
| 2019 | $251K | $231K | $197K | $0 | — | — |
| 2018 | $183K | $187K | $176K | $0 | — | View 990 |
| 2017 | $196K | $264K | $180K | $0 | — | View 990 |
| 2016 | $166K | $200K | $248K | $0 | — | View 990 |
| 2015 | $174K | $174K | $282K | $0 | — | View 990 |
| 2014 | $173K | $170K | $282K | $0 | — | View 990 |
| 2013 | $166K | $147K | $279K | $0 | — | View 990 |
| 2012 | $166K | $123K | $260K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $188K, expenses of $225K, and assets of $203K (revenue -5.3% year-over-year).
- 2022: Revenue of $199K, expenses of $203K, and assets of $231K (revenue +65.5% year-over-year).
- 2021: Revenue of $120K, expenses of $60K, and assets of $236K (revenue -33.1% year-over-year).
- 2020: Revenue of $179K, expenses of $201K, and assets of $176K (revenue -28.6% year-over-year).
- 2019: Revenue of $251K, expenses of $231K, and assets of $197K (revenue +37.5% year-over-year).
- 2018: Revenue of $183K, expenses of $187K, and assets of $176K (revenue -6.8% year-over-year).
- 2017: Revenue of $196K, expenses of $264K, and assets of $180K (revenue +17.8% year-over-year).
- 2016: Revenue of $166K, expenses of $200K, and assets of $248K (revenue -4.2% year-over-year).
- 2015: Revenue of $174K, expenses of $174K, and assets of $282K (revenue +0.6% year-over-year).
- 2014: Revenue of $173K, expenses of $170K, and assets of $282K (revenue +4.3% year-over-year).
- 2013: Revenue of $166K, expenses of $147K, and assets of $279K (revenue -0.4% year-over-year).
- 2012: Revenue of $166K, expenses of $123K, and assets of $260K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Henry Clay High School Band Boosters Inc:
Data Sources and Methodology
This transparency report for Henry Clay High School Band Boosters Inc 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.