Boys & Girls Club of the Grand Strand Inc

Analysis

Boys & Girls Club of the Grand Strand Inc is a registered charity in United States, based in Myrtle Beach, SC. It received its IRS tax-exemption ruling in September 1997, 29 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 & Girls Club of the Grand Strand Inc reported income of $2.2m and spending of $908k, leaving 59% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $841k to $2.2m (+161%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 218%. Over the whole period it spent 74% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Boys & Girls Club of the Grand Strand Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within SC. Charities of a similar size with the same main cause include Shaquille Oneal Foundation ($2.2m), Boys & Girls Club of the Lower Naugatuck Valley ($2.2m) and Boy Scouts of America ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $99k (11% of expenses). Other salaries and wages came to $339k. At year end it held assets of $3.1m against liabilities of $927k, net assets of $2.1m. It reported 39 employees.