Boys & Girls Clubs of the Permian Basin Inc

Analysis

Boys & Girls Clubs of the Permian Basin Inc is a registered charity in United States, based in Odessa, TX. It received its IRS tax-exemption ruling in January 2014, 12 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 the Permian Basin Inc reported income of $4.3m and spending of $4.0m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $4.3m (+326%), an average of +44% a year. The sharpest change came in the year to December 2020, when income rose by 164%. Over the whole period it spent 108% 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 the Permian Basin 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 93rd percentile within TX. Charities of a similar size with the same main cause include Camp Corral ($4.3m), Teen Challenge de Puerto Rico Inc ($4.3m) and Boys & Girls Club of the Northern Plains Inc ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 8.2% of the total. Compensation of current officers, directors and key employees was $105k (2.6% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $619k against liabilities of $100k, net assets of $519k. It reported 75 employees.