Lawrence Boys Club & Girls Club Inc

Analysis

Lawrence Boys Club & Girls Club Inc is a registered charity in United States, based in Lawrence, MA. It received its IRS tax-exemption ruling in February 1950, 76 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 June 2024, Lawrence Boys Club & Girls Club Inc reported income of $4.4m and spending of $3.8m, spending 86% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.2m to $4.4m (+37%), an average of +8.3% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 81% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Lawrence Boys Club & Girls Club Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MA. Charities of a similar size with the same main cause include Boys & Girls Club of Corvallis ($4.4m), Juxtaposition Inc ($4.4m) and Boys and Girls Clubs of Newark Inc ($4.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 95% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $464k (12% of expenses). Other salaries and wages came to $1.5m. It paid $500 in professional fundraising fees. At year end it held assets of $15.1m against liabilities of $733k, net assets of $14.4m. It reported 70 employees.