Boys Club of Wake County Inc

Analysis

Boys Club of Wake County Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in February 1967, 59 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 Wake County Inc reported income of $5.5m and spending of $5.0m, spending 93% of its income. Across the 6 years on record, from June 2019 to December 2023, income fell from $6.2m to $5.5m (-13%), an average of -2.7% a year. The sharpest change came in the year to December 2022, when income rose by 332%. Over the whole period it spent 89% 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 Wake County Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NC. Charities of a similar size with the same main cause include Manhattan Soccer Club Inc ($5.4m), Girl Scouts of Californias Central Coast ($5.5m) and Hope Center Inc ($5.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $374k (7.4% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $13.0m against liabilities of $101k, net assets of $12.9m. It reported 175 employees.