The Boys and Girls Club of Greater Waterbury Inc

Analysis

The Boys and Girls Club of Greater Waterbury Inc is a registered charity in United States, based in Waterbury, CT. It received its IRS tax-exemption ruling in December 1944, 82 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 2024, The Boys and Girls Club of Greater Waterbury Inc reported income of $1.2m and spending of $981k, spending 82% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $624k to $1.2m (+91%), an average of +14% a year. The sharpest change came in the year to June 2024, when income rose by 54%. Over the whole period it spent 93% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, The Boys and Girls Club of Greater Waterbury Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within CT. Charities of a similar size with the same main cause include Girls Incorporated of the Centralcoast ($1.2m), Belmont United Soccer Club ($1.2m) and Spirit Awakening Foundation ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 85% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $78k (8.0% of expenses). Other salaries and wages came to $333k. At year end it held assets of $1.4m against liabilities of $87k, net assets of $1.3m. It reported 34 employees.