Boys & Girls Clubs of Hudson County

Analysis

Boys & Girls Clubs of Hudson County is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in December 1948, 78 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 (gross receipts test) 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 Hudson County reported income of $4.4m and spending of $4.7m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.2m to $4.4m (+39%), an average of +8.5% a year. The sharpest change came in the year to December 2021, when income rose by 25%. Over the whole period it spent 111% 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 Hudson County 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 92nd percentile within NJ. Charities of a similar size with the same main cause include Boys and Girls Clubs of the Lewis Clark Valley Inc ($4.4m), Youth Improving Non-Profits for Children ($4.4m) and Jackie Joyner-Kersee Foundation ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% of the total. Compensation of current officers, directors and key employees was $131k (2.8% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $11.2m against liabilities of $220k, net assets of $11.0m. It reported 179 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.