Boys & Girls Clubs of the Albemarle Foundation

Analysis

Boys & Girls Clubs of the Albemarle Foundation is a registered charity in United States, based in Edenton, NC. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Boys & Girls Clubs of the Albemarle Foundation reported income of $203k and spending of $2,640, leaving 99% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $929k to $203k (-78%), an average of -32% a year. The sharpest change came in the year to December 2023, when income rose by 244%. Over the whole period it spent 14% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Boys & Girls Clubs of the Albemarle Foundation sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within NC. Charities of a similar size with the same main cause include New Jersey Camp for Blind Children Inc ($203k), Black Surf Santa Cruz Inc ($203k) and Girls on the Run of the Flint Hills ($203k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% of the total. At year end it held assets of $2.3m against liabilities of $325, net assets of $2.3m.