Boys and Girls Club of Kennebec Valley

Analysis

Boys and Girls Club of Kennebec Valley is a registered charity in United States, based in Gardiner, ME. It received its IRS tax-exemption ruling in September 2002, 24 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 June 2024, Boys and Girls Club of Kennebec Valley reported income of $3.8m and spending of $3.4m, spending 88% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.3m to $3.8m (+14%), an average of +3.3% a year. The sharpest change came in the year to June 2021, when income rose by 52%. Over the whole period it spent 64% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Boys and Girls Club of Kennebec Valley sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within ME. Charities of a similar size with the same main cause include Pga Tour Charities Inc ($3.8m), Alliance of Concerned Men ($3.8m) and Boys & Girls Club of the Red River Valley ($3.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 58% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $232k (6.9% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $12.9m against liabilities of $235k, net assets of $12.6m. It reported 117 employees.