James L McKeown Boys and Girls Club of Woburn Inc

Analysis

James L McKeown Boys and Girls Club of Woburn Inc is a registered charity in United States, based in Woburn, MA. It received its IRS tax-exemption ruling in October 1964, 62 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, James L McKeown Boys and Girls Club of Woburn Inc reported income of $2.3m and spending of $2.7m, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.7m to $2.3m (-14%), an average of -3.7% a year. The sharpest change came in the year to June 2020, when income dropped by 23%. Over the whole period it spent 87% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, James L McKeown Boys and Girls Club of Woburn Inc sits at the 93rd percentile: it is larger than about 93% 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 Malibu Foundation for Youth and Families ($2.3m), Yaay Me ($2.3m) and Boys & Girls Club of Athens Inc ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 43% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $9.5m against liabilities of $80k, net assets of $9.4m.