Boys & Girls Clubs of the Coastal Bend Inc

Analysis

Boys & Girls Clubs of the Coastal Bend Inc is a registered charity in United States, based in Corp Christi, TX. It received its IRS tax-exemption ruling in February 1965, 61 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 & Girls Clubs of the Coastal Bend Inc reported income of $1.8m and spending of $2.0m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.8m (+58%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 120%. Over the whole period it spent 93% 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 the Coastal Bend 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 Agape Childrens Academy of New ($1.8m), Boy Scouts of America ($1.8m) and Midori Foundation Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 21% of the total. Other salaries and wages came to $946k. At year end it held assets of $3.6m against liabilities of $924k, net assets of $2.7m. It reported 90 employees.