Watertown Boys and Girls Club Inc

Analysis

Watertown Boys and Girls Club Inc is a registered charity in United States, based in Watertown, MA. It received its IRS tax-exemption ruling in February 1968, 58 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 (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, Watertown Boys and Girls Club Inc reported income of $1.6m and spending of $1.2m, leaving 26% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.4m to $1.6m (+21%), an average of +4.8% a year. The sharpest change came in the year to September 2021, when income rose by 76%. Over the whole period it spent 83% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Watertown Boys and Girls Club Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MA. Charities of a similar size with the same main cause include Operation 300 Inc ($1.6m), Build Up ($1.6m) and Outdoor Odyssey at Roaring Run ($1.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 47% and program service revenue 22% of the total. Other salaries and wages came to $702k. At year end it held assets of $4.6m against liabilities of $60k, net assets of $4.5m. It reported 47 employees.