Thomas Chew Memorial Boys Club Inc

Analysis

Thomas Chew Memorial Boys Club Inc is a registered charity in United States, based in Fall River, MA. It received its IRS tax-exemption ruling in August 1945, 81 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Thomas Chew Memorial Boys Club Inc reported income of $3.5m and spending of $3.3m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $3.5m (+35%), an average of +7.7% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 88% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Thomas Chew Memorial Boys Club Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MA. Charities of a similar size with the same main cause include Ice Sports Association ($3.5m), Keshet Dance Company ($3.5m) and Florida Elks Properties Inc ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $235k (7.0% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $9.0m against liabilities of $320k, net assets of $8.6m. It reported 125 employees.