Boys and Girls Club of Souhegan Valley Inc

Analysis

Boys and Girls Club of Souhegan Valley Inc is a registered charity in United States, based in Milford, NH. It received its IRS tax-exemption ruling in May 1993, 33 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Boys and Girls Club of Souhegan Valley Inc reported income of $2.3m and spending of $2.8m, spending 122% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.0m to $2.3m (+16%), an average of +3.7% a year. The sharpest change came in the year to August 2022, when income rose by 38%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boys and Girls Club of Souhegan Valley Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within NH. Charities of a similar size with the same main cause include Thalassemia Foundation of America Inc ($2.3m), Bridging the Gap Inc ($2.3m) and Make-A-Wish Foundation of Central New York Inc ($2.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 43% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $124k (4.4% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $6.2m against liabilities of $255k, net assets of $5.9m. It reported 113 employees.