Variety Boys and Girls Club of Queens Inc

Analysis

Variety Boys and Girls Club of Queens Inc is a registered charity in United States, based in Long Is City, NY. It received its IRS tax-exemption ruling in July 1951, 75 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Variety Boys and Girls Club of Queens Inc reported income of $6.7m and spending of $3.6m, leaving 47% of income unspent that year. Across the 5 years on record, from September 2019 to June 2023, income grew from $3.4m to $6.7m (+96%), an average of +18% a year. The sharpest change came in the year to September 2021, when income rose by 61%. Over the whole period it spent 77% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Variety Boys and Girls Club of Queens 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 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Fosterclub ($6.7m), NC United Methodist Camp & Retreat Ministries Inc ($6.7m) and Nassau County Police Activity League Inc ($6.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 5.1% of the total. Compensation of current officers, directors and key employees was $256k (7.2% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $9.1m against liabilities of $1.2m, net assets of $8.0m. It reported 166 employees.