Boys & Girls Clubs of Northern Rhode Island

Analysis

Boys & Girls Clubs of Northern Rhode Island is a registered charity in United States, based in Cumberland, RI. It received its IRS tax-exemption ruling in August 1957, 69 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 Clubs of Northern Rhode Island reported income of $3.4m and spending of $3.6m, spending 105% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $2.3m to $3.4m (+49%), an average of +8.4% a year. The sharpest change came in the year to December 2021, when income rose by 111%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boys & Girls Clubs of Northern Rhode Island sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within RI. Charities of a similar size with the same main cause include Chatham Outreach Alliance Inc ($3.4m), Tri County Educational Foundation Tri-County Academy ($3.4m) and Bluffton Self Help Inc ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $145k (4.0% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $13.6m against liabilities of $3.8m, net assets of $9.9m. It reported 132 employees.