Norwood Boys Club of Oliver Springs

Analysis

Norwood Boys Club of Oliver Springs is a registered charity in United States, based in Oliver SPGS, TN. It received its IRS tax-exemption ruling in October 1976, 50 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Norwood Boys Club of Oliver Springs reported income of $67k and spending of $72k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $55k to $67k (+22%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 123% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Norwood Boys Club of Oliver Springs sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 25th percentile within TN. Charities of a similar size with the same main cause include All About Character Inc ($67k), RJS Kids ($67k) and Benton Harbor Girls Association for Learning & Self-Esteem ($67k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 62% of the total. At year end it held assets of $56k against liabilities of $0, net assets of $56k.