Boys & Girls Clubs of Central Virginia

Analysis

Boys & Girls Clubs of Central Virginia is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in October 1991, 35 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 Central Virginia reported income of $9.2m and spending of $6.5m, leaving 29% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.9m to $9.2m (+55%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 67%. Over the whole period it spent 55% 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 Central Virginia sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within VA. Charities of a similar size with the same main cause include Ryse Inc ($9.2m), Girl Scout Council of Greater New York Inc ($9.2m) and Girl Scouts of Southeastern Michigan ($9.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $524k (8.0% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $55.6m against liabilities of $3.1m, net assets of $52.5m. It reported 174 employees.