Boys & Girls Clubs of Puerto Rico Inc

Analysis

Boys & Girls Clubs of Puerto Rico Inc is a registered charity in United States, based in Carolina, PR. It received its IRS tax-exemption ruling in June 1994, 32 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 June 2023, Boys & Girls Clubs of Puerto Rico Inc reported income of $30.7m and spending of $38.5m, spending 125% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.7m to $30.7m (+124%), an average of +22% a year. The sharpest change came in the year to June 2022, when income rose by 96%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boys & Girls Clubs of Puerto Rico Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 96th percentile within PR. Charities of a similar size with the same main cause include Health Care for the Homeless Inc ($30.7m), Carestl Health ($30.7m) and Asian Pacific Health Care Venture Inc ($30.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $1.2m (3.1% of expenses). Other salaries and wages came to $13.3m. At year end it held assets of $18.8m against liabilities of $22.3m, net assets of -$3.5m. It reported 740 employees.