Boys & Girls Clubs of the Corridor

Analysis

Boys & Girls Clubs of the Corridor is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in August 1995, 31 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 June 2023, Boys & Girls Clubs of the Corridor reported income of $3.2m and spending of $2.0m, leaving 40% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $3.2m (+135%), an average of +24% a year. The sharpest change came in the year to June 2022, when income rose by 429%. Over the whole period it spent 46% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Boys & Girls Clubs of the Corridor 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 89th percentile, and in the 91st percentile within IA. Charities of a similar size with the same main cause include Figure Skating in Harlem Inc ($3.2m), Clay County Fair Association Inc ($3.2m) and Horizons Inc ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $119k (6.1% of expenses). Other salaries and wages came to $950k. At year end it held assets of $10.7m against liabilities of $140k, net assets of $10.6m. It reported 92 employees.