Boys & Girls Club of Greater Lynchburg

Analysis

Boys & Girls Club of Greater Lynchburg is a registered charity in United States, based in Lynchburg, VA. It received its IRS tax-exemption ruling in February 2004, 22 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 Club of Greater Lynchburg reported income of $426k and spending of $706k, spending 165% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $538k to $426k (-21%), an average of -5.6% a year. The sharpest change came in the year to December 2020, when income rose by 45%. Over the whole period it spent 89% 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 Club of Greater Lynchburg sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within VA. Charities of a similar size with the same main cause include Matthew Mangine Jr Foundation Inc ($426k), Youth Empowerment Services Inc ($426k) and Camp Fire ($426k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $83k (12% of expenses). Other salaries and wages came to $225k. At year end it held assets of $1.5m against liabilities of $416k, net assets of $1.1m. It reported 15 employees.