Porter Ridge Band Boosters
EIN: 61747731 · Indian Trail, NC · NTEE: A116
Is Porter Ridge 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 Porter Ridge Band Boosters
Porter Ridge Band Boosters (EIN: 61747731) is a nonprofit organization based in Indian Trail, NC, classified under NTEE code A116. The organization reported total revenue of $197K and total assets of $70K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Porter Ridge Band Boosters's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Porter Ridge Band Boosters is a small nonprofit that has been operating for 17 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 13.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $179K |
| Total Expenses | $158K |
| Surplus / Deficit | +$21K |
| Total Assets | $66K |
| Total Liabilities | $759 |
| Net Assets | $65K |
| Operating Margin | 11.5% |
| Debt-to-Asset Ratio | 1.1% |
| Months of Reserves | 5.0 months |
Financial Health Grade: A
In 2023, Porter Ridge Band Boosters reported a surplus of $21K with revenue exceeding expenses, holds 5.0 months of operating reserves (adequate), has a debt-to-asset ratio of 1.1% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Porter Ridge Band Boosters's revenue has grown at a compound annual growth rate (CAGR) of 13.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +82.7% | +71.3% | +35.2% |
| 2022 | +235.3% | +120.7% | -7.5% |
| 2021 | -70.2% | -62.2% | -19.3% |
| 2020 | -19.5% | -13.6% | -1.0% |
| 2019 | -4.5% | +10.0% | -6.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Porter Ridge 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 Porter Ridge 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $21K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.1%.
Frequently Asked Questions about Porter Ridge Band Boosters
Is Porter Ridge Band Boosters a legitimate charity?
Based on AI analysis of IRS 990 filings, Porter Ridge Band Boosters (EIN: 61747731) insufficient data. 0 red flags identified, 0 strengths noted.
How does Porter Ridge Band Boosters spend its money?
Detailed spending breakdown data is not yet available for Porter Ridge Band Boosters. Check back for updated IRS 990 analysis.
Are donations to Porter Ridge Band Boosters tax-deductible?
Porter Ridge Band Boosters is registered as a tax-exempt nonprofit (EIN: 61747731). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Porter Ridge Band Boosters showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Porter Ridge Band Boosters's revenue has grown by 297.6%, moving from $45K to $179K. Total assets increased by 332.9% over the same period, from $15K to $66K. Total functional expenses rose by 301.4%, from $39K to $158K. In its most recent filing year (2023), Porter Ridge Band Boosters reported a surplus of $21K, with revenue exceeding expenses. The organization holds $759 in liabilities against $66K in assets (debt-to-asset ratio: 1.1%), resulting in net assets of $65K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $179K | $158K | $66K | $759 | — | View 990 |
| 2022 | $98K | $92K | $49K | $4K | — | View 990 |
| 2021 | $29K | $42K | $53K | $14K | — | — |
| 2020 | $98K | $111K | $66K | $14K | — | View 990 |
| 2019 | $122K | $128K | $66K | $1K | — | View 990 |
| 2018 | $128K | $117K | $71K | $0 | — | View 990 |
| 2017 | $112K | $120K | $64K | $4K | — | View 990 |
| 2016 | $101K | $96K | $69K | $0 | — | View 990 |
| 2015 | $94K | $100K | $148K | $85K | — | View 990 |
| 2014 | $96K | $68K | $70K | $0 | — | View 990 |
| 2013 | $112K | $86K | $42K | $-21 | — | View 990 |
| 2012 | $45K | $39K | $15K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $179K, expenses of $158K, and assets of $66K (revenue +82.7% year-over-year).
- 2022: Revenue of $98K, expenses of $92K, and assets of $49K (revenue +235.3% year-over-year).
- 2021: Revenue of $29K, expenses of $42K, and assets of $53K (revenue -70.2% year-over-year).
- 2020: Revenue of $98K, expenses of $111K, and assets of $66K (revenue -19.5% year-over-year).
- 2019: Revenue of $122K, expenses of $128K, and assets of $66K (revenue -4.5% year-over-year).
- 2018: Revenue of $128K, expenses of $117K, and assets of $71K (revenue +14.2% year-over-year).
- 2017: Revenue of $112K, expenses of $120K, and assets of $64K (revenue +10.8% year-over-year).
- 2016: Revenue of $101K, expenses of $96K, and assets of $69K (revenue +7.6% year-over-year).
- 2015: Revenue of $94K, expenses of $100K, and assets of $148K (revenue -2.8% year-over-year).
- 2014: Revenue of $96K, expenses of $68K, and assets of $70K (revenue -13.9% year-over-year).
- 2013: Revenue of $112K, expenses of $86K, and assets of $42K (revenue +149.0% year-over-year).
- 2012: Revenue of $45K, expenses of $39K, and assets of $15K.
Data Sources and Methodology
This transparency report for Porter Ridge 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.