Boys & Girls Clubs of the Tar River Region Inc

Analysis

Boys & Girls Clubs of the Tar River Region Inc is a registered charity in United States, based in Rocky Mount, NC. It received its IRS tax-exemption ruling in October 1970, 56 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 June 2023, Boys & Girls Clubs of the Tar River Region Inc reported income of $1.6m and spending of $1.9m, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $1.6m (+2.0%), an average of +0.5% a year. The sharpest change came in the year to June 2022, when income rose by 83%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boys & Girls Clubs of the Tar River Region Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within NC. Charities of a similar size with the same main cause include The Foundation for Child Care Inc ($1.6m), Azalea Park Baptist Church ($1.6m) and Thomas House Temporary Shelter ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $154k (8.1% of expenses). Other salaries and wages came to $922k. At year end it held assets of $2.4m against liabilities of $51k, net assets of $2.3m. It reported 130 employees.