Boys & Girls Club of Watertown Inc

Analysis

Boys & Girls Club of Watertown Inc is a registered charity in United States, based in Watertown, SD. It received its IRS tax-exemption ruling in November 1973, 53 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 Club of Watertown Inc reported income of $1.6m and spending of $1.9m, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $1.6m (+1.2%), an average of +0.3% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 95% 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 Club of Watertown 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 84th percentile, and in the 83rd percentile within SD. Charities of a similar size with the same main cause include Big Brothers Big Sisters of Central Carolinas ($1.6m), Boys Club of Hobbs Inc ($1.6m) and Keystone Sports & Enrichment Group ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $105k (5.5% of expenses). Other salaries and wages came to $931k. At year end it held assets of $6.4m against liabilities of $86k, net assets of $6.3m. It reported 90 employees.