Boys and Girls Club of Santa Monica Inc

Analysis

Boys and Girls Club of Santa Monica Inc is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in January 1946, 80 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 (gross receipts test) 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 Santa Monica Inc reported income of $6.5m and spending of $6.6m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.1m to $6.5m (+110%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 114%. Over the whole period it spent 117% 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 Santa Monica Inc 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 93rd percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Richmond First Tee ($6.5m), Boys and Girls Club of Dundee Township Inc ($6.5m) and Learn Fresh Education Co ($6.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $169k (2.6% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $17.9m against liabilities of $1.3m, net assets of $16.6m. It reported 159 employees.