Boys & Girls Club of Central New Mexico

Analysis

Boys & Girls Club of Central New Mexico is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in December 1958, 68 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, Boys & Girls Club of Central New Mexico reported income of $3.6m and spending of $3.7m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $3.6m (+92%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 74%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boys & Girls Club of Central New Mexico sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within NM. Charities of a similar size with the same main cause include Transition House Inc ($3.6m), Boy Scouts of America ($3.6m) and Independence Institute ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $166k (4.4% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $2.2m against liabilities of $113k, net assets of $2.0m. It reported 229 employees.