Boys & Girls Club of Greater Holyoke Inc

Analysis

Boys & Girls Club of Greater Holyoke Inc is a registered charity in United States, based in Holyoke, MA. It received its IRS tax-exemption ruling in April 1994, 32 years ago. 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 June 2024, Boys & Girls Club of Greater Holyoke Inc reported income of $3.0m and spending of $2.4m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.6m to $3.0m (+15%), an average of +3.6% a year. The sharpest change came in the year to June 2021, when income rose by 31%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boys & Girls Club of Greater Holyoke Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MA. Charities of a similar size with the same main cause include San Diego Soccer Club ($3.0m), Habitat for Humanity International ($3.0m) and Operation Light Shine ($3.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 72% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $247k (10% of expenses). Other salaries and wages came to $808k. At year end it held assets of $9.1m against liabilities of $119k, net assets of $9.0m. It reported 72 employees.