Boys & Girls Clubs of the Capital Area Inc

Analysis

Boys & Girls Clubs of the Capital Area Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in February 1935, 91 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 December 2023, Boys & Girls Clubs of the Capital Area Inc reported income of $6.9m and spending of $6.5m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.6m to $6.9m (+24%), an average of +5.6% a year. The sharpest change came in the year to December 2020, when income rose by 23%. Over the whole period it spent 86% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Boys & Girls Clubs of the Capital Area 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 94th percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include CHDFS Inc ($6.9m), Tennessee Soccer Club Inc ($6.9m) and Boys & Girls Club of Clifton Inc ($6.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 4.9% of the total. Compensation of current officers, directors and key employees was $346k (5.3% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $9.1m against liabilities of $414k, net assets of $8.7m. It reported 272 employees.