Boys Elite Clubs National League Inc

Analysis

Boys Elite Clubs National League Inc is a registered charity in United States, based in Henrico, VA. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 July 2023, Boys Elite Clubs National League Inc reported income of $5.5m and spending of $5.2m, spending 95% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $943k to $5.5m (+481%), an average of +55% a year. The sharpest change came in the year to July 2022, when income rose by 126%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Boys Elite Clubs National League Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within VA. Charities of a similar size with the same main cause include Camp Freedom Inc ($5.5m), Jamestown Community Center Inc ($5.5m) and Indiana Special Olympics Inc ($5.5m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 19% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $390k (7.5% of expenses). Other salaries and wages came to $591k. At year end it held assets of $1.8m against liabilities of $558k, net assets of $1.3m. It reported 24 employees.