Boys Club of Seymour Inc

Analysis

Boys Club of Seymour Inc is a registered charity in United States, based in Seymour, IN. It received its IRS tax-exemption ruling in May 1948, 78 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 Club of Seymour Inc reported income of $3.1m and spending of $1.8m, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $683k to $3.1m (+357%), an average of +46% a year. The sharpest change came in the year to December 2022, when income rose by 70%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boys Club of Seymour Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within IN. Charities of a similar size with the same main cause include Austin Child Guidance Center ($3.1m), Domestic Violence Intervention Prog ($3.1m) and Hospital Development Foundation Inc ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 3.2% of the total. Compensation of current officers, directors and key employees was $115k (6.5% of expenses). Other salaries and wages came to $900k. At year end it held assets of $4.8m against liabilities of $209k, net assets of $4.6m. It reported 127 employees.