Boys & Girls Club of Monmouth County

Analysis

Boys & Girls Club of Monmouth County is a registered charity in United States, based in Asbury Park, NJ. It received its IRS tax-exemption ruling in June 1951, 75 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, Boys & Girls Club of Monmouth County reported income of $3.2m and spending of $3.0m, spending 95% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $1.9m to $3.2m (+70%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 58%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boys & Girls Club of Monmouth County sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within NJ. Charities of a similar size with the same main cause include Hawthorne Social Service Association Inc ($3.2m), Habitat for Humanity International Inc ($3.2m) and United States Luge Association Inc ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 6.8% of the total. Compensation of current officers, directors and key employees was $191k (6.4% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $4.0m against liabilities of $162k, net assets of $3.8m. It reported 112 employees.