Boys & Girls Club of Stamford Inc

Analysis

Boys & Girls Club of Stamford Inc is a registered charity in United States, based in Stamford, CT. It received its IRS tax-exemption ruling in January 1954, 72 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 June 2023, Boys & Girls Club of Stamford Inc reported income of $6.0m and spending of $4.6m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.9m to $6.0m (+52%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 74%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boys & Girls Club of Stamford Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within CT. Charities of a similar size with the same main cause include The Riverbend Center for Montessori Excellence Inc ($6.0m), Jennie B Richmond Chaffee Nursing Home Co ($6.0m) and Igivecatholic ($6.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 3.9% of the total. Compensation of current officers, directors and key employees was $235k (5.2% of expenses). At year end it held assets of $15.0m against liabilities of $5.5m, net assets of $9.5m. It reported 113 employees.