Boys and Girls Club of Worcester

Analysis

Boys and Girls Club of Worcester is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in September 1926, 100 years ago. 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 and Girls Club of Worcester reported income of $4.4m and spending of $4.4m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $4.4m (+57%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 47%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boys and Girls Club of Worcester sits at the 91st percentile: it is larger than about 91% 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 Council on Competitiveness ($4.4m), Habitat for Humanity International Inc ($4.4m) and Aiding Women From Abuse and Rape Emergencies Inc ($4.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 8.5% of the total. Compensation of current officers, directors and key employees was $209k (4.8% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $10.0m against liabilities of $261k, net assets of $9.7m. It reported 117 employees.