Boys and Girls Club of Cleveland County Inc

Analysis

Boys and Girls Club of Cleveland County Inc is a registered charity in United States, based in Shelby, NC. It received its IRS tax-exemption ruling in March 1967, 59 years ago. 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 and Girls Club of Cleveland County Inc reported income of $894k and spending of $893k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $416k to $894k (+115%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boys and Girls Club of Cleveland County Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within NC. Charities of a similar size with the same main cause include Rutherford Institute ($894k), Rutland Area Christian School ($894k) and Maydm Inc ($894k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $70k (7.8% of expenses). Other salaries and wages came to $391k. At year end it held assets of $864k against liabilities of $7,760, net assets of $856k. It reported 68 employees.