Boys and Girls Club of Lake County

Analysis

Boys and Girls Club of Lake County is a registered charity in United States, based in Waukegan, IL. It received its IRS tax-exemption ruling in August 1999, 27 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 December 2022, Boys and Girls Club of Lake County reported income of $2.7m and spending of $2.2m, spending 81% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.6m to $2.7m (+66%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 86% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Boys and Girls Club of Lake County sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within IL. Charities of a similar size with the same main cause include Waterville Area Boys & Girls Club ($2.7m), Enterprise for Youth ($2.7m) and Boys and Girls Clubs of the Pee Dee Area Inc ($2.7m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 99% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $153k (7.0% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $3.7m against liabilities of $2.1m, net assets of $1.6m. It reported 86 employees.