Boys and Girls Clubs of Providence

Analysis

Boys and Girls Clubs of Providence is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in April 1939, 87 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 June 2023, Boys and Girls Clubs of Providence reported income of $6.3m and spending of $4.8m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.9m to $6.3m (+61%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 30%. 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, Boys and Girls Clubs of Providence sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within RI. Charities of a similar size with the same main cause include Fathers Incorporated ($6.3m), Alameda County Deputy Sheriffs Activities League ($6.3m) and Champions Recovery Alternative Programs Inc ($6.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $345k (7.2% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $8.8m against liabilities of $436k, net assets of $8.4m. It reported 262 employees.