Nantucket Boys & Girls Club Inc

Analysis

Nantucket Boys & Girls Club Inc is a registered charity in United States, based in Nantucket, MA. It received its IRS tax-exemption ruling in February 1947, 79 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, Nantucket Boys & Girls Club Inc reported income of $5.4m and spending of $3.5m, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.1m to $5.4m (+32%), an average of +7.3% a year. The sharpest change came in the year to December 2020, when income rose by 39%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nantucket Boys & Girls Club Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MA. Charities of a similar size with the same main cause include St Helena Montessori School Inc ($5.4m), Fond du Lac Area Foundation ($5.4m) and F F Thompson Hospital Foundation Inc ($5.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 8.2% of the total. Compensation of current officers, directors and key employees was $175k (4.9% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $25.9m against liabilities of $298k, net assets of $25.6m. It reported 34 employees.