Boys and Girls Club of Troy

Analysis

Boys and Girls Club of Troy is a registered charity in United States, based in Troy, MI. It received its IRS tax-exemption ruling in January 1982, 44 years ago. 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 Troy reported income of $1.0m and spending of $909k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $751k to $1.0m (+34%), an average of +7.5% a year. The sharpest change came in the year to December 2021, when income rose by 76%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boys and Girls Club of Troy sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within MI. Charities of a similar size with the same main cause include St Lukes Care Center Inc ($1.0m), Boy Scouts of America ($1.0m) and New Jersey State Federation of Womens Clubs ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $122k (13% of expenses). Other salaries and wages came to $401k. At year end it held assets of $2.6m against liabilities of $37k, net assets of $2.6m. It reported 46 employees.