Boys & Girls Clubs of Central Carolina Foundation Inc

Analysis

Boys & Girls Clubs of Central Carolina Foundation Inc is a registered charity in United States, based in Sanford, NC. It received its IRS tax-exemption ruling in August 2021, 5 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 (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 Central Carolina Foundation Inc reported income of $629k and spending of $37k, leaving 94% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $780k to $629k (-19%), an average of -10% a year. The sharpest change came in the year to December 2023, when income rose by 3093%. Over the whole period it spent 2.9% 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 Central Carolina Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within NC. Charities of a similar size with the same main cause include South High Marathon Dance Inc ($629k), Project C a R E of Texas Inc ($629k) and Civic Leadership Institute ($628k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $1.4m against liabilities of $450, net assets of $1.4m.