Madison Square Boys & Girls Club Foundation Inc

Analysis

Madison Square Boys & Girls Club Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Madison Square Boys & Girls Club Foundation Inc reported income of $6.6m and spending of $7.0m, spending 106% of what it took in. Across the 3 years on record, from September 2021 to September 2023, income grew from $382k to $6.6m (+1630%), an average of +316% a year. The sharpest change came in the year to September 2022, when income rose by 870%. Over the whole period it spent 96% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Madison Square Boys & Girls Club Foundation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include With God All Things Are Possible ($6.6m), Girl Scouts of Northern Illinois ($6.6m) and Colonie Youth Center Inc ($6.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 109% of the total. Compensation of current officers, directors and key employees was $243k (3.5% of expenses). Other salaries and wages came to $442k. It paid $162k in professional fundraising fees. At year end it held assets of $638k against liabilities of $140k, net assets of $497k. It reported 8 employees.