Boys & Girls Club of Milford Incorporated

Analysis

Boys & Girls Club of Milford Incorporated is a registered charity in United States, based in Milford, CT. It received its IRS tax-exemption ruling in December 2010, 16 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 June 2023, Boys & Girls Club of Milford Incorporated reported income of $1.2m and spending of $1.2m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $733k to $1.2m (+62%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 37%. Over the whole period it spent 94% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Boys & Girls Club of Milford Incorporated sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within CT. Charities of a similar size with the same main cause include One Circle Foundation ($1.2m), Bridge for Community Life Inc ($1.2m) and Boys and Girls Club of the River Region Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $103k (8.9% of expenses). Other salaries and wages came to $662k. At year end it held assets of $922k against liabilities of $300k, net assets of $622k. It reported 79 employees.