Boys & Girls Club of Greater Lowell Inc

Analysis

Boys & Girls Club of Greater Lowell Inc is a registered charity in United States, based in Lowell, MA. It received its IRS tax-exemption ruling in September 1954, 72 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, Boys & Girls Club of Greater Lowell Inc reported income of $4.4m and spending of $3.4m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.3m to $4.4m (+0.8%), an average of +0.2% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 58% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Boys & Girls Club of Greater Lowell 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 Generation West Virginia Inc ($4.4m), Jackie Joyner-Kersee Foundation ($4.4m) and Communities in Schools of Los Angeles Inc ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $134k (3.9% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $12.3m against liabilities of $1.4m, net assets of $10.9m. It reported 73 employees.