Boys and Girls Clubs of the Emerald Coast Inc

Analysis

Boys and Girls Clubs of the Emerald Coast Inc is a registered charity in United States, based in Ft Walton BCH, FL. 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 December 2023, Boys and Girls Clubs of the Emerald Coast Inc reported income of $5.4m and spending of $5.7m, spending 104% of its income. Across the 5 years on record, from December 2018 to December 2023, income grew from $4.3m to $5.4m (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2022, when income rose by 25%. Over the whole period it spent 98% 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 the Emerald Coast Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include East Bay Alliance for a Sustainable Economy ($5.4m), Los Angeles Center for Law and Justice ($5.4m) and Rosa Clark Medical Center ($5.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $191k (3.4% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $1.2m against liabilities of $377k, net assets of $782k. It reported 120 employees.