Boys & Girls Clubs Inc

Analysis

Boys & Girls Clubs Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in August 1971, 55 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 & Girls Clubs Inc reported income of $3.6m and spending of $2.9m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.9m to $3.6m (+24%), an average of +5.4% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boys & Girls Clubs Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within KY. Charities of a similar size with the same main cause include Nantucket Atheneum ($3.6m), Armenian Evangelical Schools of California Inc ($3.6m) and Delaware HIV Services Inc ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 103% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $251k (8.6% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $5.7m against liabilities of $274k, net assets of $5.5m. It reported 95 employees.