Boys & Girls Clubs of the Keys Area Inc

Analysis

Boys & Girls Clubs of the Keys Area Inc is a registered charity in United States, based in Key West, FL. It received its IRS tax-exemption ruling in September 1996, 30 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 Keys Area Inc reported income of $563k and spending of $577k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $821k to $563k (-31%), an average of -9.0% a year. The sharpest change came in the year to December 2020, when income dropped by 27%. 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 the Keys Area Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include Color Compton Inc ($563k), Ogdensburg Boys & Girls Club ($563k) and Franconia Soaring Foundation Inc ($563k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $314k (54% of expenses). It paid $3,457 in professional fundraising fees. At year end it held assets of $669k against liabilities of $7,499, net assets of $661k. It reported 29 employees.