Meriden Boys Club Endowment Fund

Analysis

Meriden Boys Club Endowment Fund is a registered charity in United States, based in Waterbury, CT. It received its IRS tax-exemption ruling in April 1975, 51 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Meriden Boys Club Endowment Fund reported income of $61k and spending of $98k, spending 160% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $22k to $61k (+175%), an average of +29% a year. The sharpest change came in the year to September 2020, when income rose by 181%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Meriden Boys Club Endowment Fund sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 22nd percentile within CT. Charities of a similar size with the same main cause include Little League Baseball Inc ($61k), Pennsylvania Art Education Assn ($61k) and Weston Historical Society Inc ($61k).

Compensation of current officers, directors and key employees was $12k (12% of expenses). At year end it held assets of $644k against liabilities of $0, net assets of $644k.