Holly Springs High School Band Boosters

Holly Springs High School Band Boosters shows consistent growth and zero officer compensation, maximizing program support.

EIN: 113787117 · Holly Springs, NC · NTEE: B112 · Updated: 2026-03-28

$309KRevenue

$200KAssets

98/100Mission Score (Excellent)

B112

About Holly Springs High School Band Boosters

Holly Springs High School Band Boosters (EIN: 113787117) is a nonprofit organization based in Holly Springs, NC, classified under NTEE code B112. The organization reported total revenue of $309K and total assets of $200K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Holly Springs High School Band Boosters's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

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.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Holly Springs High School Band Boosters with a Mission Score of 98 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 5%
programs: 95%
fundraising: 0%

According to IRS 990 filings, Holly Springs High School Band Boosters allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported at 0% across all available filings, indicating that the organization is run entirely by volunteers. This significantly reduces administrative overhead and ensures that all funds are directed towards the band program, which is highly commendable for an organization of its size with revenues reaching nearly $300,000.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Strengths

The following positive indicators were identified for Holly Springs High School Band Boosters:

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).

Frequently Asked Questions about Holly Springs High School Band Boosters

Is Holly Springs High School Band Boosters a good charity?

Yes, based on the IRS 990 data, Holly Springs High School Band Boosters appears to be a very good charity. It demonstrates strong financial health, efficient spending with 0% officer compensation, and consistent growth in its capacity to support its mission.

How has the organization's revenue trended over time?

The organization's revenue has shown significant growth, particularly in recent years. It increased from $99,604 in 2016 to $290,240 in 2024, with a notable jump from $40,644 in 2021 to $290,240 in 2024, indicating increasing community support.

What is the organization's approach to executive compensation?

The organization reports 0% officer compensation in all available filings, indicating that its leadership is entirely volunteer-based. This is a strong positive for financial efficiency and transparency.

Filing History

IRS 990 filing history for Holly Springs High School Band Boosters showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2012–2024), Holly Springs High School Band Boosters's revenue has grown by 222.3%, moving from $90K to $290K. Total assets increased by 324.8% over the same period, from $39K to $166K. Total functional expenses rose by 247.9%, from $79K to $274K. In its most recent filing year (2024), Holly Springs High School Band Boosters reported a surplus of $16K, with revenue exceeding expenses. The organization holds $2K in liabilities against $166K in assets (debt-to-asset ratio: 1.4%), resulting in net assets of $164K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$290K	$274K	$166K	$2K	—	—
2023	$235K	$229K	$149K	$2K	—	View 990
2022	$144K	$133K	$144K	$3K	—	View 990
2021	$41K	$47K	$134K	$3K	—	View 990
2020	$157K	$131K	$147K	$10K	—	View 990
2019	$169K	$144K	$119K	$7K	—	View 990
2018	$141K	$134K	$93K	$6K	—	View 990
2017	$206K	$188K	$90K	$7K	—	View 990
2016	$100K	$95K	$77K	$6K	—	View 990
2015	$126K	$110K	$73K	$6K	—	View 990
2014	$93K	$86K	$60K	$9K	—	View 990
2013	$155K	$149K	$54K	$10K	—	View 990
2012	$90K	$79K	$39K	$1K	—	View 990

Year-by-Year Financial Summary

2024: Revenue of $290K, expenses of $274K, and assets of $166K (revenue +23.3% year-over-year).
2023: Revenue of $235K, expenses of $229K, and assets of $149K (revenue +63.8% year-over-year).
2022: Revenue of $144K, expenses of $133K, and assets of $144K (revenue +253.6% year-over-year).
2021: Revenue of $41K, expenses of $47K, and assets of $134K (revenue -74.1% year-over-year).
2020: Revenue of $157K, expenses of $131K, and assets of $147K (revenue -7.3% year-over-year).
2019: Revenue of $169K, expenses of $144K, and assets of $119K (revenue +20.1% year-over-year).
2018: Revenue of $141K, expenses of $134K, and assets of $93K (revenue -31.5% year-over-year).
2017: Revenue of $206K, expenses of $188K, and assets of $90K (revenue +106.4% year-over-year).
2016: Revenue of $100K, expenses of $95K, and assets of $77K (revenue -21.0% year-over-year).
2015: Revenue of $126K, expenses of $110K, and assets of $73K (revenue +35.1% year-over-year).
2014: Revenue of $93K, expenses of $86K, and assets of $60K (revenue -39.7% year-over-year).
2013: Revenue of $155K, expenses of $149K, and assets of $54K (revenue +71.8% year-over-year).
2012: Revenue of $90K, expenses of $79K, and assets of $39K.

Data Sources and Methodology

This transparency report for Holly Springs High School Band Boosters 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.