Boys and Girls Club of Carlsbad Incorporated

Analysis

Boys and Girls Club of Carlsbad Incorporated is a registered charity in United States, based in Carlsbad, NM. It received its IRS tax-exemption ruling in December 1964, 62 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 and Girls Club of Carlsbad Incorporated reported income of $1.1m and spending of $1.2m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.1m (+8.2%), an average of +2.0% a year. The sharpest change came in the year to December 2020, when income dropped by 27%. Over the whole period it spent 95% 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 Carlsbad Incorporated sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within NM. Charities of a similar size with the same main cause include Brightside Project Inc ($1.1m), 15 and the Mahomies Foundation ($1.1m) and Whatcom Family & Community Network ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $57k (4.7% of expenses). Other salaries and wages came to $451k. At year end it held assets of $1.3m against liabilities of $95k, net assets of $1.2m. It reported 53 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.