Olivet Boys and Girls Club of Reading and Berks County Inc

Analysis

Olivet Boys and Girls Club of Reading and Berks County Inc is a registered charity in United States, based in Reading, PA. It received its IRS tax-exemption ruling in November 1958, 68 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, Olivet Boys and Girls Club of Reading and Berks County Inc reported income of $2.9m and spending of $3.8m, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.3m to $2.9m (-13%), an average of -3.5% a year. Over the whole period it spent 104% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Olivet Boys and Girls Club of Reading and Berks County Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within PA. Charities of a similar size with the same main cause include Washington Tennis & Education ($2.9m), Boys and Girls Clubs of Schenectady Inc ($2.9m) and Nebraska 4-H Foundation ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 3.1% of the total. Compensation of current officers, directors and key employees was $144k (3.8% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $5.7m against liabilities of $223k, net assets of $5.5m. It reported 163 employees.