Boys and Girls Clubs of Greater Gaston Inc

Analysis

Boys and Girls Clubs of Greater Gaston Inc is a registered charity in United States, based in Gastonia, NC. It received its IRS tax-exemption ruling in November 1987, 39 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 and Girls Clubs of Greater Gaston Inc reported income of $1.3m and spending of $1.5m, spending 109% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.5m to $1.3m (-8.8%), an average of -3.0% a year. Over the whole period it spent 93% 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 Clubs of Greater Gaston Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within NC. Charities of a similar size with the same main cause include Temco Inc ($1.3m), San Francisco Senior Center ($1.3m) and Ohio Amvets Charities ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 7.6% of the total. Compensation of current officers, directors and key employees was $197k (14% of expenses). Other salaries and wages came to $649k. At year end it held assets of $3.3m against liabilities of $41k, net assets of $3.2m. It reported 44 employees.