Boys and Girls Club of Paterson and Passaic Inc

Analysis

Boys and Girls Club of Paterson and Passaic Inc is a registered charity in United States, based in Paterson, NJ. It received its IRS tax-exemption ruling in March 1965, 61 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 Club of Paterson and Passaic Inc reported income of $10.5m and spending of $7.9m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.7m to $10.5m (+56%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 78% 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 Club of Paterson and Passaic Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NJ. Charities of a similar size with the same main cause include Boys & Girls Club of Greenwich Inc ($10.4m), Overtown Youth Center Inc ($10.5m) and Civicorps ($10.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $397k (5.0% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $15.2m against liabilities of $348k, net assets of $14.9m. It reported 302 employees.