Boys and Girls Club of Wichita Falls Endowment Fund

Analysis

Boys and Girls Club of Wichita Falls Endowment Fund 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. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Boys and Girls Club of Wichita Falls Endowment Fund reported income of $1.3m and spending of $1.1m, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $770k to $1.3m (+73%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 328%. Over the whole period it spent 97% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Boys and Girls Club of Wichita Falls Endowment Fund sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Boys & Girls Club of Tahlequah ($1.3m), Kidspace ($1.3m) and Inner City Impact ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% of the total. At year end it held assets of $21.7m against liabilities of $20k, net assets of $21.6m.