Boys & Girls Club of Mount Vernon Ny Inc

Analysis

Boys & Girls Club of Mount Vernon Ny Inc is a registered charity in United States, based in Mt Vernon, NY. It received its IRS tax-exemption ruling in August 1956, 70 years ago. 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, Boys & Girls Club of Mount Vernon Ny Inc reported income of $1.7m and spending of $1.4m, spending 81% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $952k to $1.7m (+79%), an average of +16% a year. The sharpest change came in the year to September 2023, when income rose by 63%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boys & Girls Club of Mount Vernon Ny Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Charles Towne Montessori School ($1.7m), Warrington Community Ambulance Corp ($1.7m) and Institute of Cultural Affairs ($1.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 105% and program service revenue 5.2% of the total. Compensation of current officers, directors and key employees was $161k (12% of expenses). Other salaries and wages came to $524k. It paid $31k in professional fundraising fees. At year end it held assets of $2.6m against liabilities of $33k, net assets of $2.5m. It reported 32 employees.