Boys and Girls Club of Greater Salem Inc

Analysis

Boys and Girls Club of Greater Salem Inc is a registered charity in United States, based in Salem, MA. It received its IRS tax-exemption ruling in April 1942, 84 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 September 2023, Boys and Girls Club of Greater Salem Inc reported income of $1.4m and spending of $1.4m, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.2m to $1.4m (+17%), an average of +4.0% a year. The sharpest change came in the year to September 2022, when income rose by 110%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Boys and Girls Club of Greater Salem Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MA. Charities of a similar size with the same main cause include South Texas Volleyball Academy ($1.4m), Woodside Soccer Club Inc ($1.4m) and Fort Lowell Soccer Club Inc ($1.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 76% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $88k (6.2% of expenses). Other salaries and wages came to $826k. At year end it held assets of $1.5m against liabilities of $290k, net assets of $1.3m. It reported 57 employees.