Rapid City Club for Boys Inc

Analysis

Rapid City Club for Boys Inc is a registered charity in United States, based in Rapid City, SD. It received its IRS tax-exemption ruling in November 1964, 62 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 May 2023, Rapid City Club for Boys Inc reported income of $4.0m and spending of $4.1m, spending 103% of its income. Across the 4 years on record, from May 2020 to May 2023, income fell from $4.4m to $4.0m (-9.1%), an average of -3.1% a year. The sharpest change came in the year to May 2021, when income dropped by 18%. Over the whole period it spent 85% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Rapid City Club for Boys Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within SD. Charities of a similar size with the same main cause include Exalt Youth ($4.0m), Girl Scouts of Southern Illinois ($4.0m) and Boys & Girls Club of the Greater Chippewa Valley Inc ($4.0m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 72% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $205k (5.0% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $5.8m against liabilities of $346k, net assets of $5.5m. It reported 105 employees.