Laurens District 55 Band Boosters
EIN: 570655741 · Laurens, SC · NTEE: B25
| Metric | Value |
|---|---|
| Total Revenue | $82K |
| Total Expenses | $75K |
| Net Assets | $30K |
Is Laurens District 55 Band Boosters Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Laurens District 55 Band Boosters
Laurens District 55 Band Boosters (EIN: 570655741) is a nonprofit organization based in Laurens, SC, classified under NTEE code B25. The organization reported total revenue of $82K and total assets of $31K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Laurens District 55 Band Boosters's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Laurens District 55 Band Boosters is a micro nonprofit that has been operating for 5 years, with 14 years of IRS 990 filings on record (2010–2024). Revenue has grown at a compound annual rate of -0.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $57K |
| Total Expenses | $75K |
| Surplus / Deficit | $-18,450 |
| Total Assets | $30K |
| Net Assets | $30K |
| Operating Margin | -32.3% |
| Months of Reserves | 4.8 months |
Financial Health Grade: B
In 2024, Laurens District 55 Band Boosters reported a deficit of $18K with expenses exceeding revenue, holds 4.8 months of operating reserves (adequate).
Financial Trends
Over 14 years of filings (2010–2024), Laurens District 55 Band Boosters's revenue has declined at a compound annual growth rate (CAGR) of -0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -42.7% | +2.2% | -38.1% |
| 2023 | +96.5% | +37.6% | +113.5% |
| 2022 | +110.6% | +132.0% | -11.7% |
| 2021 | -20.1% | -59.1% | +3.7% |
| 2020 | -64.2% | -12.9% | -53.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Laurens District 55 Band Boosters 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 Laurens District 55 Band Boosters 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 deficit of $18K, with expenses exceeding revenue.
Frequently Asked Questions about Laurens District 55 Band Boosters
Is Laurens District 55 Band Boosters a legitimate charity?
Based on AI analysis of IRS 990 filings, Laurens District 55 Band Boosters (EIN: 570655741) insufficient data. 0 red flags identified, 0 strengths noted.
How does Laurens District 55 Band Boosters spend its money?
Detailed spending breakdown data is not yet available for Laurens District 55 Band Boosters. Check back for updated IRS 990 analysis.
Are donations to Laurens District 55 Band Boosters tax-deductible?
Laurens District 55 Band Boosters is registered as a tax-exempt nonprofit (EIN: 570655741). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Laurens District 55 Band Boosters located?
Laurens District 55 Band Boosters is headquartered in Laurens, South Carolina and files with the IRS under EIN 570655741. It is classified under NTEE code B25.
How many years of IRS 990 filings does Laurens District 55 Band Boosters have?
Laurens District 55 Band Boosters 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 $82K in total revenue.
Filing History
IRS 990 filing history for Laurens District 55 Band Boosters showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2024), Laurens District 55 Band Boosters's revenue has declined by 11.5%, moving from $64K to $57K. Total assets decreased by 67.4% over the same period, from $92K to $30K. Total functional expenses rose by 59%, from $47K to $75K. In its most recent filing year (2024), Laurens District 55 Band Boosters reported a deficit of $18K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $57K | $75K | $30K | $0 | — | View 990 |
| 2023 | $100K | $74K | $48K | $0 | — | View 990 |
| 2022 | $51K | $54K | $23K | $0 | — | View 990 |
| 2021 | $24K | $23K | $26K | $0 | — | View 990 |
| 2020 | $30K | $57K | $25K | $0 | — | View 990 |
| 2019 | $84K | $65K | $53K | $0 | — | — |
| 2018 | $103K | $69K | $34K | $0 | — | — |
| 2016 | $89K | $116K | $1 | $0 | — | View 990 |
| 2015 | $82K | $75K | $35K | $19K | — | View 990 |
| 2014 | $93K | $132K | $31K | $21K | — | View 990 |
| 2013 | $61K | $59K | $64K | $24K | — | View 990 |
| 2012 | $101K | $162K | $38K | $497 | — | View 990 |
| 2011 | $58K | $52K | $98K | $0 | — | View 990 |
| 2010 | $64K | $47K | $92K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $57K, expenses of $75K, and assets of $30K (revenue -42.7% year-over-year).
- 2023: Revenue of $100K, expenses of $74K, and assets of $48K (revenue +96.5% year-over-year).
- 2022: Revenue of $51K, expenses of $54K, and assets of $23K (revenue +110.6% year-over-year).
- 2021: Revenue of $24K, expenses of $23K, and assets of $26K (revenue -20.1% year-over-year).
- 2020: Revenue of $30K, expenses of $57K, and assets of $25K (revenue -64.2% year-over-year).
- 2019: Revenue of $84K, expenses of $65K, and assets of $53K (revenue -18.4% year-over-year).
- 2018: Revenue of $103K, expenses of $69K, and assets of $34K (revenue +16.1% year-over-year).
- 2016: Revenue of $89K, expenses of $116K, and assets of $1 (revenue +8.7% year-over-year).
- 2015: Revenue of $82K, expenses of $75K, and assets of $35K (revenue -12.2% year-over-year).
- 2014: Revenue of $93K, expenses of $132K, and assets of $31K (revenue +51.5% year-over-year).
- 2013: Revenue of $61K, expenses of $59K, and assets of $64K (revenue -39.4% year-over-year).
- 2012: Revenue of $101K, expenses of $162K, and assets of $38K (revenue +74.2% year-over-year).
- 2011: Revenue of $58K, expenses of $52K, and assets of $98K (revenue -9.8% year-over-year).
- 2010: Revenue of $64K, expenses of $47K, and assets of $92K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Laurens District 55 Band Boosters:
Data Sources and Methodology
This transparency report for Laurens District 55 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.