Boys and Girls Club of Assabet Valley Inc

Analysis

Boys and Girls Club of Assabet Valley Inc is a registered charity in United States, based in Maynard, MA. It received its IRS tax-exemption ruling in February 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Assabet Valley Inc reported income of $1.1m and spending of $798k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $679k to $1.1m (+65%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 102%. Over the whole period it spent 70% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Boys and Girls Club of Assabet Valley Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within MA. Charities of a similar size with the same main cause include Morristown After School Program ($1.1m), The Salvation Army Ivy Residence Inc ($1.1m) and Rivet Global ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $160k (20% of expenses). Other salaries and wages came to $314k. At year end it held assets of $1.7m against liabilities of $79k, net assets of $1.6m. It reported 33 employees.