Boys & Girls Club of Chicopee Inc

Analysis

Boys & Girls Club of Chicopee Inc is a registered charity in United States, based in Chicopee, MA. It received its IRS tax-exemption ruling in March 1973, 53 years ago. 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 December 2023, Boys & Girls Club of Chicopee Inc reported income of $2.4m and spending of $1.7m, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $2.4m (+101%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 41%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boys & Girls Club of Chicopee Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include Womens Care Center ($2.4m), Downtown Womens Center ($2.4m) and Diamond Derby Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 5.0% of the total. Compensation of current officers, directors and key employees was $107k (6.4% of expenses). Other salaries and wages came to $737k. At year end it held assets of $5.8m against liabilities of $699k, net assets of $5.1m. It reported 42 employees.