Boys & Girls Clubs of South Puget Sound

Analysis

Boys & Girls Clubs of South Puget Sound is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in March 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 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 South Puget Sound reported income of $8.1m and spending of $8.5m, spending 105% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $7.3m to $8.1m (+11%), an average of +3.5% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 90% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Boys & Girls Clubs of South Puget Sound 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 94th percentile, and in the 95th percentile within WA. Charities of a similar size with the same main cause include Communities in Schools of the South Plains ($8.1m), Kick Drugs Out of America Foundation ($8.1m) and Project Lift Inc ($8.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 6.7% of the total. Compensation of current officers, directors and key employees was $239k (2.8% of expenses). Other salaries and wages came to $4.2m. It paid $30k in professional fundraising fees. At year end it held assets of $52.4m against liabilities of $374k, net assets of $52.0m. It reported 238 employees.