Boys & Girls Club of Garfield Inc

Analysis

Boys & Girls Club of Garfield Inc is a registered charity in United States, based in Garfield, NJ. It received its IRS tax-exemption ruling in February 1963, 63 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 Garfield Inc reported income of $2.1m and spending of $1.9m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $2.1m (+92%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 64%. Over the whole period it spent 90% 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 Garfield Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within NJ. Charities of a similar size with the same main cause include Teen Town Inc ($2.1m), San Diego Youth Foundation ($2.1m) and 2164 Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $121k (6.5% of expenses). Other salaries and wages came to $894k. At year end it held assets of $1.9m against liabilities of $110k, net assets of $1.8m. It reported 88 employees.