Boys Club of New York Inc

Analysis

Boys Club of New York Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1944, 82 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 June 2023, Boys Club of New York Inc reported income of $8.8m and spending of $11.9m, spending 135% of what it took in. Across the 5 years on record, from September 2019 to June 2023, income fell from $38.5m to $8.8m (-77%), an average of -31% a year. The sharpest change came in the year to June 2020, when income dropped by 83%. Over the whole period it spent 73% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Boys Club of New York 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 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include The Life Link ($8.7m), Global Kids Inc ($8.8m) and Washington State Boys & Girls Clubs Association ($8.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $432k (3.6% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $90.2m against liabilities of $5.1m, net assets of $85.1m. It reported 232 employees.