Binghamton Boys Club Inc

Analysis

Binghamton Boys Club Inc is a registered charity in United States, based in Binghamton, NY. It received its IRS tax-exemption ruling in April 1947, 79 years ago. 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, Binghamton Boys Club Inc reported income of $1.4m and spending of $1.4m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1000k to $1.4m (+39%), an average of +8.5% a year. The sharpest change came in the year to December 2021, when income rose by 73%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Binghamton Boys Club Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Austin Classical Guitar Society ($1.4m), Catholic Charities of the Diocese of Greensburg ($1.4m) and Camp Fire ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $156k (11% of expenses). Other salaries and wages came to $586k. At year end it held assets of $4.2m against liabilities of $236k, net assets of $4.0m. It reported 74 employees.