Boys & Girls Clubs of Sarasota and Desoto Counties Inc

Analysis

Boys & Girls Clubs of Sarasota and Desoto Counties Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in August 1968, 58 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 September 2023, Boys & Girls Clubs of Sarasota and Desoto Counties Inc reported income of $12.7m and spending of $7.9m, leaving 38% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $9.9m to $12.7m (+28%), an average of +6.5% a year. The sharpest change came in the year to September 2023, when income rose by 24%. Over the whole period it spent 55% 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 Clubs of Sarasota and Desoto Counties Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include His Ideas Inc ($12.5m), Childrens Legacy Center ($12.7m) and Ticket to Dream Foundation ($12.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 94% and program service revenue 3.1% of the total. Compensation of current officers, directors and key employees was $393k (5.0% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $29.4m against liabilities of $941k, net assets of $28.5m. It reported 273 employees.