Boys and Girls Clubs of Story County Inc

Analysis

Boys and Girls Clubs of Story County Inc is a registered charity in United States, based in Ames, IA. It received its IRS tax-exemption ruling in November 1965, 61 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Boys and Girls Clubs of Story County Inc reported income of $1.5m and spending of $1.2m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $799k to $1.5m (+87%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 73%. Over the whole period it spent 79% 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 Clubs of Story County Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within IA. Charities of a similar size with the same main cause include Boys & Girls Club of South San Luis Obispo County ($1.5m), Rhode Island Kids Count Inc ($1.5m) and Josiah Whites Quakerdale Foundation ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $105k (8.9% of expenses). Other salaries and wages came to $570k. At year end it held assets of $2.2m against liabilities of $105k, net assets of $2.1m. It reported 44 employees.