Boys & Girls Club of Harlem Inc

Analysis

Boys & Girls Club of Harlem Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1987, 39 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 August 2023, Boys & Girls Club of Harlem Inc reported income of $3.0m and spending of $2.4m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to August 2023, income grew from $1.8m to $3.0m (+63%), an average of +13% a year. The sharpest change came in the year to August 2022, when income rose by 95%. Over the whole period it spent 106% 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 Harlem Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Miracle Mountain Ranch Missions Inc ($3.0m), Maryland Network Against Domestic Violence Inc ($3.0m) and Malta Ambulance Corps Inc ($3.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 80% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $139k (5.9% of expenses). Other salaries and wages came to $955k. At year end it held assets of $2.4m against liabilities of $117k, net assets of $2.3m. It reported 75 employees.