Boys & Girls Club of Newburgh Inc

Analysis

Boys & Girls Club of Newburgh Inc is a registered charity in United States, based in Newburgh, NY. It received its IRS tax-exemption ruling in May 1971, 55 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Boys & Girls Club of Newburgh Inc reported income of $3.1m and spending of $3.1m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.5m to $3.1m (+26%), an average of +5.9% a year. The sharpest change came in the year to June 2022, when income rose by 59%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Boys & Girls Club of Newburgh Inc sits at the 87th percentile: it is larger than about 87% 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 Madrone Hospice Inc ($3.1m), Childrens Bureau of New Orleans ($3.1m) and Family Voices ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $193k (6.3% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $9.2m against liabilities of $5.0m, net assets of $4.2m. It reported 124 employees.