Boys & Girls Clubs of Palm Beach County Foundation Inc

Analysis

Boys & Girls Clubs of Palm Beach County Foundation Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in May 1998, 28 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 September 2023, Boys & Girls Clubs of Palm Beach County Foundation Inc reported income of $19.8m and spending of $437k, leaving 98% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.5m to $19.8m (+261%), an average of +38% a year. The sharpest change came in the year to September 2022, when income rose by 419%. Over the whole period it spent 14% 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 Palm Beach County Foundation Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Friends of the Children - National Office ($19.8m), Stand for Children Leadership Center ($20.3m) and Boys and Girls Clubs of the Los Angeles Harbor ($19.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 74% of the total. At year end it held assets of $46.0m against liabilities of $73k, net assets of $46.0m.