Boys & Girls Club of Collin County

Analysis

Boys & Girls Club of Collin County is a registered charity in United States, based in Allen, TX. It received its IRS tax-exemption ruling in May 1970, 56 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 December 2023, Boys & Girls Club of Collin County reported income of $3.1m and spending of $3.6m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.8m to $3.1m (-18%), an average of -4.9% a year. The sharpest change came in the year to December 2020, when income dropped by 27%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boys & Girls Club of Collin County 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 Allegany Council on Alcoholism and Substance Abuse Inc ($3.1m), The American Stage Company Inc ($3.1m) and Broach School of Jacksonville Inc ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $92k (2.5% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $6.2m against liabilities of $2.1m, net assets of $4.2m. It reported 83 employees.