Boys & Girls Club of Greater New Bedford Inc

Analysis

Boys & Girls Club of Greater New Bedford Inc is a registered charity in United States, based in New Bedford, MA. It received its IRS tax-exemption ruling in November 1934, 92 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 June 2023, Boys & Girls Club of Greater New Bedford Inc reported income of $957k and spending of $891k, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.0m to $957k (-7.6%), an average of -2.0% a year. Over the whole period it spent 94% 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 New Bedford Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MA. Charities of a similar size with the same main cause include Arab American Action Network ($957k), Campus Life Connection ($957k) and Hit the Books Inc ($955k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 4.0% of the total. Compensation of current officers, directors and key employees was $102k (11% of expenses). Other salaries and wages came to $291k. At year end it held assets of $2.8m against liabilities of $756k, net assets of $2.0m. It reported 30 employees.