Glen Cove Boys and Girls Club at Lincoln House Inc

Analysis

Glen Cove Boys and Girls Club at Lincoln House Inc is a registered charity in United States, based in Glen Cove, NY. It received its IRS tax-exemption ruling in February 1953, 73 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 December 2023, Glen Cove Boys and Girls Club at Lincoln House Inc reported income of $1.5m and spending of $1.3m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.5m (+44%), an average of +9.6% a year. The sharpest change came in the year to December 2020, when income rose by 25%. Over the whole period it spent 94% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Glen Cove Boys and Girls Club at Lincoln House Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Boys and Girls Club of the Arkansas River Valley ($1.5m), Harbor Light Foundation ($1.5m) and Boy Scouts of America ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 6.2% of the total. Compensation of current officers, directors and key employees was $164k (13% of expenses). Other salaries and wages came to $618k. At year end it held assets of $7.1m against liabilities of $313k, net assets of $6.7m. It reported 34 employees.