Boys and Girls Clubs of Schenectady Inc

Analysis

Boys and Girls Clubs of Schenectady Inc is a registered charity in United States, based in Schenectady, NY. It received its IRS tax-exemption ruling in May 1942, 84 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 and Girls Clubs of Schenectady Inc reported income of $2.9m and spending of $3.7m, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.3m to $2.9m (-14%), an average of -3.6% a year. The sharpest change came in the year to December 2020, when income rose by 91%. Over the whole period it spent 83% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Boys and Girls Clubs of Schenectady Inc sits at the 94th percentile: it is larger than about 94% 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 Olivet Boys and Girls Club of Reading and Berks County Inc ($2.9m), Boys and Girls Clubs of South County ($2.9m) and Washington Tennis & Education ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 5.2% of the total. Compensation of current officers, directors and key employees was $258k (7.0% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $19.3m against liabilities of $94k, net assets of $19.2m. It reported 227 employees.