Waterville Area Boys & Girls Club

Analysis

Waterville Area Boys & Girls Club is a registered charity in United States, based in Waterville, ME. It received its IRS tax-exemption ruling in March 1973, 53 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Waterville Area Boys & Girls Club reported income of $2.7m and spending of $3.2m, spending 119% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income grew from $1.6m to $2.7m (+65%), an average of +18% a year. The sharpest change came in the year to March 2022, when income rose by 55%. Over the whole period it spent 82% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Waterville Area Boys & Girls Club sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within ME. Charities of a similar size with the same main cause include Boys and Girls Clubs of the Pee Dee Area Inc ($2.7m), Boys and Girls Club of Lake County ($2.7m) and Activstars Outreach ($2.7m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $3.9m against liabilities of $0, net assets of $3.9m.