Boys & Girls Clubs of Greater Memphis

Analysis

Boys & Girls Clubs of Greater Memphis is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in January 1964, 62 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 Greater Memphis reported income of $8.7m and spending of $7.0m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.4m to $8.7m (+62%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 94%. Over the whole period it spent 91% 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 Greater Memphis sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within TN. Charities of a similar size with the same main cause include Boy Scouts of America ($8.6m), Madison Square Boys & Girls Club Inc ($8.7m) and Girl Scouts of Central and Southern New Jersey Inc ($8.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $265k (3.8% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $26.3m against liabilities of $7.3m, net assets of $18.9m. It reported 205 employees.