Boys and Girls Clubs of Newark Inc

Analysis

Boys and Girls Clubs of Newark Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in February 1952, 74 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 and Girls Clubs of Newark Inc reported income of $4.4m and spending of $4.4m, spending 100% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $2.8m to $4.4m (+59%), an average of +9.8% a year. The sharpest change came in the year to December 2021, when income rose by 195%. Over the whole period it spent 72% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Boys and Girls Clubs of Newark Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within NJ. Charities of a similar size with the same main cause include Teammates Mentoring Program ($4.4m), Boys & Girls Club of Corvallis ($4.4m) and Girl Scouts of Kansas Heartland Inc ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $425k (9.6% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $11.5m against liabilities of $161k, net assets of $11.4m. It reported 74 employees.