Southside Boys and Girls Club Inc

Analysis

Southside Boys and Girls Club Inc is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in March 1970, 56 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, Southside Boys and Girls Club Inc reported income of $877k and spending of $1.1m, spending 128% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $818k to $877k (+7.3%), an average of +1.8% a year. The sharpest change came in the year to June 2021, when income rose by 102%. Over the whole period it spent 95% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Southside Boys and Girls Club Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within VA. Charities of a similar size with the same main cause include Boys and Girls Club of the Wiregrass Inc ($877k), Ahisd Combined PTO Council ($878k) and Boys and Girls Club of Southeast Alabama Inc ($877k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 104% of the total. At year end it held assets of $1.8m against liabilities of $44k, net assets of $1.7m. It reported 43 employees.