Boys & Girls Club of Greenwich Inc

Analysis

Boys & Girls Club of Greenwich Inc is a registered charity in United States, based in Greenwich, CT. It received its IRS tax-exemption ruling in January 1945, 81 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Boys & Girls Club of Greenwich Inc reported income of $10.4m and spending of $5.3m, leaving 49% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.8m to $10.4m (+170%), an average of +28% a year. The sharpest change came in the year to June 2023, when income rose by 55%. Over the whole period it spent 81% 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 Club of Greenwich Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within CT. Charities of a similar size with the same main cause include Civicorps ($10.3m), Boys and Girls Club of Paterson and Passaic Inc ($10.5m) and The Brotherhood Sister Sol Inc ($10.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 8.0% of the total. Compensation of current officers, directors and key employees was $400k (7.5% of expenses). Other salaries and wages came to $1.7m. It paid $178k in professional fundraising fees. At year end it held assets of $34.2m against liabilities of $921k, net assets of $33.3m. It reported 125 employees.