Wichita Falls Boys Club Alumni Inc

Analysis

Wichita Falls Boys Club Alumni Inc is a registered charity in United States, based in Wichita Falls, TX. It received its IRS tax-exemption ruling in March 1977, 49 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, Wichita Falls Boys Club Alumni Inc reported income of $180k and spending of $107k, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $117k to $180k (+53%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 480%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wichita Falls Boys Club Alumni Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within TX. Charities of a similar size with the same main cause include Leavenworth Historical Museum Association ($180k), National Black Nurses Association Inc ($180k) and Beverly Youth Soccer Assn ($180k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% of the total. Compensation of current officers, directors and key employees was $2,400 (2.2% of expenses). At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.