Boys and Girls Club of Cabarrus County Inc

Analysis

Boys and Girls Club of Cabarrus County Inc is a registered charity in United States, based in Concord, NC. It received its IRS tax-exemption ruling in November 1971, 55 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 and Girls Club of Cabarrus County Inc reported income of $4.5m and spending of $4.6m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.9m to $4.5m (-6.7%), an average of -1.7% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 86% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Boys and Girls Club of Cabarrus County Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within NC. Charities of a similar size with the same main cause include Girl Scouts of Southern Nevada Inc ($4.5m), Big Brothers Big Sisters of Central Indiana Inc ($4.5m) and Boy Scouts of America ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 7.7% of the total. Compensation of current officers, directors and key employees was $188k (4.1% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $24.6m against liabilities of $9.7m, net assets of $14.9m. It reported 159 employees.