Boys & Girls Clubs of the Piedmont Inc

Analysis

Boys & Girls Clubs of the Piedmont Inc is a registered charity in United States, based in Statesville, NC. It received its IRS tax-exemption ruling in July 2006, 20 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 Piedmont Inc reported income of $1.7m and spending of $1.5m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.7m (+63%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 95% 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 Piedmont Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within NC. Charities of a similar size with the same main cause include Youth Development Company and Police Athletic Activities League ($1.7m), Neighbor to Neighbor Ministries ($1.7m) and Grip Outreach for Youth ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $86k (5.7% of expenses). Other salaries and wages came to $736k. At year end it held assets of $3.9m against liabilities of $386k, net assets of $3.5m. It reported 73 employees.