Boys & Girls Club of the Lower Naugatuck Valley

Analysis

Boys & Girls Club of the Lower Naugatuck Valley is a registered charity in United States, based in Shelton, CT. It received its IRS tax-exemption ruling in July 1939, 87 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 2023, Boys & Girls Club of the Lower Naugatuck Valley reported income of $2.2m and spending of $2.3m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $2.2m (+4.7%), an average of +1.2% a year. Over the whole period it spent 102% 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 the Lower Naugatuck Valley sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within CT. Charities of a similar size with the same main cause include Boys & Girls Club of the Grand Strand Inc ($2.2m), Wild Earth Wilderness School ($2.2m) and Shaquille Oneal Foundation ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $120k (5.2% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $7.3m against liabilities of $710k, net assets of $6.6m. It reported 73 employees.