Boys & Girls Clubs of Warwick

Analysis

Boys & Girls Clubs of Warwick is a registered charity in United States, based in Warwick, RI. It received its IRS tax-exemption ruling in June 1966, 60 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 & Girls Clubs of Warwick reported income of $1.8m and spending of $2.0m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.8m (+35%), an average of +7.7% a year. The sharpest change came in the year to December 2021, when income rose by 59%. Over the whole period it spent 96% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Boys & Girls Clubs of Warwick sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 81st percentile within RI. Charities of a similar size with the same main cause include Boys and Girls Club of the Coastside ($1.8m), Northern Youth Programs of Minnesota Inc ($1.8m) and Underpriviledged Children Foundation Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $137k (6.8% of expenses). Other salaries and wages came to $857k. At year end it held assets of $4.6m against liabilities of $120k, net assets of $4.4m. It reported 74 employees.