Boys & Girls Clubs of the Midlands

Analysis

Boys & Girls Clubs of the Midlands is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Boys & Girls Clubs of the Midlands reported income of $7.7m and spending of $8.0m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $7.7m (+221%), an average of +34% a year. The sharpest change came in the year to June 2022, when income rose by 133%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Boys & Girls Clubs of the Midlands sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within SC. Charities of a similar size with the same main cause include National Charitable Endowment Inc ($7.7m), Voluntary Action Center of Northern Illinois ($7.7m) and Jewish Federation of Greater Indianapolis Inc ($7.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $117k (1.5% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $2.2m against liabilities of $517k, net assets of $1.7m. It reported 422 employees.