Boys & Girls Club Thrift Store of Detroit Lakes

Analysis

Boys & Girls Club Thrift Store of Detroit Lakes is a registered charity in United States, based in Detroit Lakes, MN. It received its IRS tax-exemption ruling in March 2012, 14 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 & Girls Club Thrift Store of Detroit Lakes reported income of $3.4m and spending of $2.9m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $3.4m (+64%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 33%. 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 & Girls Club Thrift Store of Detroit Lakes sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MN. Charities of a similar size with the same main cause include United Territories of Pacific Islanders Washington-Utopia Wa ($3.4m), Emmas Torch Ltd ($3.4m) and New Mexico Boys & Girls Ranches ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $4.5m against liabilities of $186k, net assets of $4.3m. It reported 62 employees.