Boys and Girls Clubs of Sherman Inc

Analysis

Boys and Girls Clubs of Sherman Inc is a registered charity in United States, based in Sherman, TX. It received its IRS tax-exemption ruling in August 1971, 55 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 Clubs of Sherman Inc reported income of $782k and spending of $696k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $658k to $782k (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2021, when income rose by 151%. Over the whole period it spent 77% 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 Clubs of Sherman Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include St John Armenian Church Foundation ($782k), Vince Lombardi Cancer Foundation Inc ($782k) and Lake Travis Education Foundation ($782k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 21% of the total. Other salaries and wages came to $422k. At year end it held assets of $2.9m against liabilities of $188, net assets of $2.9m. It reported 72 employees.