Boys and Girls Club of Detroit Lakes Inc

Analysis

Boys and Girls Club of Detroit Lakes Inc is a registered charity in United States, based in Detroit Lakes, MN. It received its IRS tax-exemption ruling in August 1977, 49 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 and Girls Club of Detroit Lakes Inc reported income of $3.0m and spending of $2.1m, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $3.0m (+66%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boys and Girls Club of Detroit Lakes Inc 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 89th percentile, and in the 88th percentile within MN. Charities of a similar size with the same main cause include Nac 4520 N Central LLC ($3.0m), Hampton Roads Montessori School ($3.0m) and United Way of Mid & South Jefferson County ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $105k (5.1% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $7.7m against liabilities of $634k, net assets of $7.0m. It reported 74 employees.