Boys & Girls Clubs of Central Minnesota

Analysis

Boys & Girls Clubs of Central Minnesota is a registered charity in United States, based in Saint Cloud, MN. It received its IRS tax-exemption ruling in July 1972, 54 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 2023, Boys & Girls Clubs of Central Minnesota reported income of $6.7m and spending of $7.0m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.6m to $6.7m (+2.3%), an average of +0.6% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 88% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Boys & Girls Clubs of Central Minnesota sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within MN. Charities of a similar size with the same main cause include Boys & Girls Clubs of Western Pa ($6.7m), Boys & Girls Clubs of San Antonio Texas ($6.7m) and Boys and Girls Clubs of Larimer County ($6.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $297k (4.3% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $21.1m against liabilities of $606k, net assets of $20.5m. It reported 467 employees.