Boys and Girls Club of Hollywood

Analysis

Boys and Girls Club of Hollywood is a registered charity in United States, based in Hollywood, CA. It received its IRS tax-exemption ruling in March 1944, 82 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 and Girls Club of Hollywood reported income of $1.4m and spending of $1.3m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.4m (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2020, when income rose by 38%. Over the whole period it spent 85% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Boys and Girls Club of Hollywood sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Benton-Franklin Market Stock Sale Committee ($1.4m), Triple Threat Mentoring NFP ($1.4m) and Pendleton Childrens Center Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% of the total. Compensation of current officers, directors and key employees was $241k (18% of expenses). Other salaries and wages came to $394k. It paid $47k in professional fundraising fees. At year end it held assets of $13.7m against liabilities of $67k, net assets of $13.6m. It reported 16 employees.