Boys and Girls Clubs of Hartford Inc

Analysis

Boys and Girls Clubs of Hartford Inc is a registered charity in United States, based in Hartford CT, CT. It received its IRS tax-exemption ruling in October 1934, 92 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 and Girls Clubs of Hartford Inc reported income of $7.3m and spending of $7.9m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $8.4m to $7.3m (-13%), an average of -3.4% a year. The sharpest change came in the year to June 2023, when income dropped by 27%. Over the whole period it spent 61% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Boys and Girls Clubs of Hartford Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within CT. Charities of a similar size with the same main cause include Florida Achievement Support Trust ($7.3m), Boys & Girls Clubs of Elkhart County Inc ($7.3m) and Washington Nationals Philanthropies ($7.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $422k (5.4% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $44.2m against liabilities of $650k, net assets of $43.6m. It reported 152 employees.