Boys and Girls Clubs of Palm Beach County Inc

Analysis

Boys and Girls Clubs of Palm Beach County Inc is a registered charity in United States, based in West Palm Beach, FL. It received its IRS tax-exemption ruling in April 1970, 56 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 September 2023, Boys and Girls Clubs of Palm Beach County Inc reported income of $28.8m and spending of $27.3m, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $13.9m to $28.8m (+107%), an average of +20% a year. The sharpest change came in the year to September 2023, when income rose by 40%. 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, Boys and Girls Clubs of Palm Beach County Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Boys & Girls Club of the Peninsula ($26.9m), Boys & Girls Clubs of Metro Atlanta Inc ($28.9m) and Boys and Girls Club of Truckee Meadows ($26.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 86% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $938k (3.4% of expenses). Other salaries and wages came to $10.3m. At year end it held assets of $23.3m against liabilities of $10.3m, net assets of $13.1m. It reported 538 employees.