Boys & Girls Clubs of the Albemarle Inc

Analysis

Boys & Girls Clubs of the Albemarle Inc is a registered charity in United States, based in Edenton, NC. It received its IRS tax-exemption ruling in March 2008, 18 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 Clubs of the Albemarle Inc reported income of $733k and spending of $1.1m, spending 146% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $959k to $733k (-24%), an average of -6.5% a year. The sharpest change came in the year to December 2023, when income dropped by 34%. Over the whole period it spent 122% 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 the Albemarle Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within NC. Charities of a similar size with the same main cause include Muslim Connection Inc ($732k), Arlington Soccer Club Inc ($734k) and Seeds of Caring ($731k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $81k (7.6% of expenses). Other salaries and wages came to $426k. At year end it held assets of $2.4m against liabilities of $1.5m, net assets of $904k. It reported 67 employees.