Madison Square Boys & Girls Club Inc

Analysis

Madison Square Boys & Girls Club Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1943, 83 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, Madison Square Boys & Girls Club Inc reported income of $8.7m and spending of $19.7m, spending 226% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $15.2m to $8.7m (-43%), an average of -13% a year. The sharpest change came in the year to September 2021, when income rose by 42%. Over the whole period it spent 136% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Madison Square Boys & Girls Club 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 Boys & Girls Clubs of Greater Memphis ($8.7m), Washington State Boys & Girls Clubs Association ($8.7m) and Boy Scouts of America ($8.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 95% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $989k (5.0% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $92.7m against liabilities of $34.9m, net assets of $57.9m. It reported 198 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.