Boys & Girls Club of Franklin- Simpson Inc

Analysis

Boys & Girls Club of Franklin- Simpson Inc is a registered charity in United States, based in Franklin, KY. It received its IRS tax-exemption ruling in November 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 December 2023, Boys & Girls Club of Franklin- Simpson Inc reported income of $682k and spending of $922k, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $758k to $682k (-10%), an average of -2.6% a year. The sharpest change came in the year to December 2022, when income rose by 190%. Over the whole period it spent 66% 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 Franklin- Simpson Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within KY. Charities of a similar size with the same main cause include Glastonbury Hartwell Soccer Club Inc ($681k), Future Farmers of America ($682k) and Housatonic Youth Service Bureau Inc ($681k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $478k. At year end it held assets of $3.3m against liabilities of $92k, net assets of $3.2m. It reported 41 employees.