Boys & Girls Club of Toledo

Analysis

Boys & Girls Club of Toledo is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in August 1940, 86 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 & Girls Club of Toledo reported income of $5.6m and spending of $4.1m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $5.6m (+166%), an average of +28% a year. The sharpest change came in the year to December 2022, when income rose by 99%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boys & Girls Club of Toledo sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within OH. Charities of a similar size with the same main cause include Fred Lind Manor ($5.6m), Evans Memorial Home for the Aged Inc ($5.6m) and The Boys & Girls Clubs of Weld County Inc ($5.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $309k (7.5% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $21.2m against liabilities of $4.8m, net assets of $16.4m. It reported 161 employees.