Boys Club of Parkersburg Foundation Inc

Analysis

Boys Club of Parkersburg Foundation Inc is a registered charity in United States, based in Parkersburg, WV. It received its IRS tax-exemption ruling in December 1971, 55 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Boys Club of Parkersburg Foundation Inc reported income of $65k and spending of $11k, leaving 83% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $85k to $65k (-24%), an average of -6.7% a year. The sharpest change came in the year to December 2021, when income rose by 179%. Over the whole period it spent 54% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Boys Club of Parkersburg Foundation Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 23rd percentile within WV. Charities of a similar size with the same main cause include Boston Youth Marching Arts Inc ($65k), Troop R Camp Cadet Inc ($65k) and Pine City Youth Hockey Association ($65k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% of the total. Compensation of current officers, directors and key employees was $10k (94% of expenses). At year end it held assets of $847k against liabilities of $0, net assets of $847k.