The Foundation for the Boys & Girls Clubs Inc

Analysis

The Foundation for the Boys & Girls Clubs Inc is a registered charity in United States, based in Bradenton, FL. It received its IRS tax-exemption ruling in September 1989, 37 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Foundation for the Boys & Girls Clubs Inc reported income of $369k and spending of $760k, spending 206% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $369k (-77%), an average of -30% a year. The sharpest change came in the year to December 2021, when income rose by 365%. Over the whole period it spent 62% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, The Foundation for the Boys & Girls Clubs Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 68th percentile within FL. Charities of a similar size with the same main cause include Aguas Sagradas Inc ($368k), Pop Warner Little Scholars Inc ($369k) and New Trier Feeder Baseball Association ($368k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% of the total. At year end it held assets of $14.1m against liabilities of $640k, net assets of $13.5m.