Boys Club of Parkersburg Inc

Analysis

Boys Club of Parkersburg Inc is a registered charity in United States, based in Parkersburg, WV. It received its IRS tax-exemption ruling in November 1964, 62 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 December 2023, Boys Club of Parkersburg Inc reported income of $1.1m and spending of $983k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $547k to $1.1m (+96%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 74%. Over the whole period it spent 79% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Boys Club of Parkersburg Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within WV. Charities of a similar size with the same main cause include Friendship Circle International Inc ($1.1m), Boys and Girls Club of Morristown Inc ($1.1m) and Stomping Ground Camp Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $77k (7.8% of expenses). Other salaries and wages came to $386k. At year end it held assets of $2.0m against liabilities of $116k, net assets of $1.9m. It reported 52 employees.