Boys & Girls Clubs of Monterey County

Analysis

Boys & Girls Clubs of Monterey County is a registered charity in United States, based in Seaside, CA. It received its IRS tax-exemption ruling in February 1969, 57 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 June 2023, Boys & Girls Clubs of Monterey County reported income of $7.7m and spending of $5.7m, leaving 26% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.2m to $7.7m (+7.6%), an average of +1.9% a year. The sharpest change came in the year to June 2022, when income rose by 53%. Over the whole period it spent 69% 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 Monterey County 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 94th percentile within CA. Charities of a similar size with the same main cause include The American Friends of Migdal Ohr ($7.7m), Union League Boys & Girls Clubs ($7.8m) and Boys & Girls Club of Polk County ($7.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $410k (7.2% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $21.3m against liabilities of $939k, net assets of $20.3m. It reported 107 employees.