Boys and Girls Club of the Kenai Peninsula

Analysis

Boys and Girls Club of the Kenai Peninsula is a registered charity in United States, based in Kenai, AK. It received its IRS tax-exemption ruling in October 1988, 38 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 and Girls Club of the Kenai Peninsula reported income of $9.5m and spending of $3.1m, leaving 68% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $9.5m (+354%), an average of +46% a year. The sharpest change came in the year to June 2023, when income rose by 257%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boys and Girls Club of the Kenai Peninsula sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within AK. Charities of a similar size with the same main cause include Catholic Charities of Orange Sullivan & Ulster ($9.5m), Adopt-A-Family of the Palm Beaches Inc ($9.5m) and St Andrews at Francis Place ($9.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 5.5% of the total. Compensation of current officers, directors and key employees was $76k (2.5% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $8.7m against liabilities of $392k, net assets of $8.3m. It reported 169 employees.