Boys and Girls Club of Laredo Inc

Analysis

Boys and Girls Club of Laredo Inc is a registered charity in United States, based in Laredo, TX. It received its IRS tax-exemption ruling in January 1941, 85 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 December 2023, Boys and Girls Club of Laredo Inc reported income of $1.9m and spending of $2.0m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.9m (+37%), an average of +8.1% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 94% 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 Club of Laredo Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include The 100 Club of Illinois ($1.9m), Community Ministry of Southwest Denver ($1.9m) and Sons of Confederate Veterans Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $111k (5.6% of expenses). Other salaries and wages came to $752k. At year end it held assets of $2.6m against liabilities of $110k, net assets of $2.5m. It reported 99 employees.