Boys & Girls Club of East Providence Inc

Analysis

Boys & Girls Club of East Providence Inc is a registered charity in United States, based in E Providence, RI. It received its IRS tax-exemption ruling in August 1955, 71 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 East Providence Inc reported income of $2.4m and spending of $2.6m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.4m (+76%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 30%. Over the whole period it spent 95% 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 East Providence Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within RI. Charities of a similar size with the same main cause include Child Development Council of Central New York Inc ($2.4m), South Georgia Medical Center Foundation Inc ($2.4m) and Bestprep ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $162k (6.2% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $3.1m against liabilities of $208k, net assets of $2.9m. It reported 145 employees.