Boys & Girls Clubs of Newark Charitable Fund Inc

Analysis

Boys & Girls Clubs of Newark Charitable Fund Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in February 1994, 32 years ago. The IRS classifies it as a supporting organisation 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 Newark Charitable Fund Inc reported income of $111k and spending of $8,561, leaving 92% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $39k to $111k (+186%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 562%. Over the whole period it spent 56% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boys & Girls Clubs of Newark Charitable Fund Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 47th percentile within NJ. Charities of a similar size with the same main cause include Gitananda ($111k), Motor Transport Museum ($111k) and Charles Harwood Uw Fbo Cheshire Academy 10-217580 ($111k).

At year end it held assets of $2.7m against liabilities of $0, net assets of $2.7m.