Boys & Girls Clubs of the Virginia

Analysis

Boys & Girls Clubs of the Virginia is a registered charity in United States, based in Newport News, VA. It received its IRS tax-exemption ruling in November 1948, 78 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 June 2023, Boys & Girls Clubs of the Virginia reported income of $7.0m and spending of $4.9m, leaving 30% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.8m to $7.0m (+82%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 37%. Over the whole period it spent 91% 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 Virginia sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within VA. Charities of a similar size with the same main cause include Peaceplayers International ($6.9m), Boys & Girls Clubs of the Greater Triad Inc ($7.0m) and Tennessee Soccer Club Inc ($6.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 3.2% of the total. Compensation of current officers, directors and key employees was $243k (5.0% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $11.7m against liabilities of $1.2m, net assets of $10.6m. It reported 142 employees.