Variety Boys and Girls Club

Analysis

Variety Boys and Girls Club is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in February 1960, 66 years ago. 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, Variety Boys and Girls Club reported income of $2.3m and spending of $2.6m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.8m to $2.3m (-18%), an average of -4.8% a year. The sharpest change came in the year to June 2020, when income dropped by 39%. Over the whole period it spent 174% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Variety Boys and Girls Club sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Active Transportation Alliance ($2.3m), Accounting Education Foundation of the Texas Society of Cpas Inc ($2.3m) and Christian Churches Housing Foundation Inc ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $129k (4.9% of expenses). Other salaries and wages came to $997k. At year end it held assets of $13.2m against liabilities of $257k, net assets of $12.9m. It reported 48 employees.