Boys and Girls Club of Bangor

Analysis

Boys and Girls Club of Bangor is a registered charity in United States, based in Bangor, ME. It received its IRS tax-exemption ruling in July 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 and Girls Club of Bangor reported income of $738k and spending of $765k, spending 104% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $764k to $738k (-3.4%), an average of -1.1% a year. The sharpest change came in the year to December 2021, when income dropped by 21%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Boys and Girls Club of Bangor sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within ME. Charities of a similar size with the same main cause include Foothills Community Center ($738k), Greener Life Solutions ($738k) and One Degree ($738k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $99k (13% of expenses). Other salaries and wages came to $163k. At year end it held assets of $725k against liabilities of $72k, net assets of $653k. It reported 25 employees.