Boys & Girls Club of New Britain Inc

Analysis

Boys & Girls Club of New Britain Inc is a registered charity in United States, based in New Britain, CT. It received its IRS tax-exemption ruling in February 1943, 83 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 New Britain Inc reported income of $1.3m and spending of $1.2m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $804k to $1.3m (+64%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 58%. Over the whole period it spent 108% 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 New Britain Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within CT. Charities of a similar size with the same main cause include Girls Group ($1.3m), Environmental Learning for Kids ($1.3m) and Fyims Incorporated ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $119k (9.6% of expenses). Other salaries and wages came to $373k. It paid $5,000 in professional fundraising fees. At year end it held assets of $7.8m against liabilities of $164k, net assets of $7.6m. It reported 44 employees.