Boys Clubs & Girls Clubs of Newport County Inc

Analysis

Boys Clubs & Girls Clubs of Newport County Inc is a registered charity in United States, based in Newport, RI. It received its IRS tax-exemption ruling in April 1958, 68 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 December 2023, Boys Clubs & Girls Clubs of Newport County Inc reported income of $6.6m and spending of $3.4m, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $6.6m (+150%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 56%. Over the whole period it spent 66% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Boys Clubs & Girls Clubs of Newport County Inc 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 Point Source Youth Inc ($6.5m), Colonie Youth Center Inc ($6.6m) and Boys and Girls Club of Dundee Township Inc ($6.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $251k (7.4% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $12.0m against liabilities of $336k, net assets of $11.7m. It reported 89 employees.