Kips Bay Boys and Girls Club Inc

Analysis

Kips Bay Boys and Girls Club Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in November 1923, 103 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 September 2023, Kips Bay Boys and Girls Club Inc reported income of $15.8m and spending of $14.2m, spending 90% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $10.7m to $15.8m (+47%), an average of +10% a year. The sharpest change came in the year to September 2022, when income rose by 64%. Over the whole period it spent 89% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Kips Bay Boys and Girls Club Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Youth for Christ USA Inc ($15.5m), Big Brothers Big Sisters Lone Star ($15.9m) and Boys & Girls Clubs of the Tennessee Valley ($15.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 85% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $1.3m (9.0% of expenses). Other salaries and wages came to $6.1m. At year end it held assets of $36.2m against liabilities of $4.3m, net assets of $31.8m. It reported 346 employees.