Boys and Girls Clubs of the Gulf Coast Inc

Analysis

Boys and Girls Clubs of the Gulf Coast Inc is a registered charity in United States, based in Gulfport, MS. It received its IRS tax-exemption ruling in October 1966, 60 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Boys and Girls Clubs of the Gulf Coast Inc reported income of $3.9m and spending of $4.3m, spending 111% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.9m to $3.9m (+99%), an average of +19% a year. The sharpest change came in the year to September 2021, when income rose by 94%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boys and Girls Clubs of the Gulf Coast 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 91st percentile, and in the 92nd percentile within MS. Charities of a similar size with the same main cause include National Emergency Management Association ($3.9m), Boy Scouts of America ($3.9m) and CSC Repertory Ltd ($3.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 78% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $209k (4.9% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $15.3m against liabilities of $725k, net assets of $14.6m. It reported 214 employees.