Boys Club of Sylacauga Inc

Analysis

Boys Club of Sylacauga Inc is a registered charity in United States, based in Sylacauga, AL. It received its IRS tax-exemption ruling in March 1960, 66 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 December 2023, Boys Club of Sylacauga Inc reported income of $100k and spending of $124k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $91k to $100k (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boys Club of Sylacauga Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within AL. Charities of a similar size with the same main cause include New Focus Somervell County ($100k), Issaquah Kiwanis Foundation ($100k) and Friends of Fisher House Inc ($100k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $50k (40% of expenses). Other salaries and wages came to $14k. At year end it held assets of $214k against liabilities of $3,756, net assets of $210k. It reported 3 employees.