Boys & Girls Clubs of Greater Salt Lake

Analysis

Boys & Girls Clubs of Greater Salt Lake is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in October 1974, 52 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 June 2023, Boys & Girls Clubs of Greater Salt Lake reported income of $12.1m and spending of $9.3m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.9m to $12.1m (+107%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 58%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boys & Girls Clubs of Greater Salt Lake sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within UT. Charities of a similar size with the same main cause include Santa Fe College Foundation Inc ($12.1m), Academy of Hope Adult Public Charter School ($12.2m) and Eastern Idaho Community Action Partnership Inc ($12.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 8.0% of the total. Compensation of current officers, directors and key employees was $152k (1.6% of expenses). At year end it held assets of $20.7m against liabilities of $4.2m, net assets of $16.5m. It reported 222 employees.