Boys Club of Wichita Falls

Analysis

Boys Club of Wichita Falls is a registered charity in United States, based in Wichita Falls, TX. It received its IRS tax-exemption ruling in October 1940, 86 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Boys Club of Wichita Falls reported income of $3.1m and spending of $2.3m, leaving 24% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $756k to $3.1m (+308%), an average of +42% a year. The sharpest change came in the year to September 2021, when income rose by 321%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boys Club of Wichita Falls sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Apparo Academy Inc ($3.1m), Broach School of Jacksonville Inc ($3.1m) and Lawyers Alliance for New York ($3.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 74% and program service revenue 3.2% of the total. Compensation of current officers, directors and key employees was $118k (5.0% of expenses). Other salaries and wages came to $981k. At year end it held assets of $11.3m against liabilities of $143k, net assets of $11.2m. It reported 54 employees.