Boys & Girls Clubs of Metro Richmond

Analysis

Boys & Girls Clubs of Metro Richmond is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in November 1953, 73 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 Metro Richmond reported income of $3.7m and spending of $4.3m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $3.7m (+36%), an average of +7.9% a year. The sharpest change came in the year to June 2020, when income rose by 18%. Over the whole period it spent 116% 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 Metro Richmond sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within VA. Charities of a similar size with the same main cause include Shepherds Hill Academy Inc ($3.7m), National Association of School Resource Officers Inc ($3.7m) and Eles Place Inc ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $423k (9.7% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $10.2m against liabilities of $1.4m, net assets of $8.8m. It reported 81 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.