Boys & Girls Club Of Garfield Inc
Boys & Girls Club of Garfield: Strong Local Presence, Financial Growth
EIN: 221660518 · Garfield, NJ · NTEE: O23Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $1.9M |
| Program Spending | 75% |
| Net Assets | $1.8M |
| Transparency Score | 85/100 |
Is Boys & Girls Club Of Garfield Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Boys & Girls Club Of Garfield Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Boys & Girls Club Of Garfield Inc
Boys & Girls Club Of Garfield Inc (EIN: 221660518) is a nonprofit organization based in Garfield, NJ, classified under NTEE code O23Z. The organization reported total revenue of $2.0M and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Boys & Girls Club Of Garfield Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Boys & Girls Club Of Garfield Inc is a mid-size nonprofit that has been operating for 63 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $1.9M |
| Surplus / Deficit | +$261K |
| Total Assets | $1.9M |
| Total Liabilities | $110K |
| Net Assets | $1.8M |
| Operating Margin | 12.3% |
| Debt-to-Asset Ratio | 5.8% |
| Months of Reserves | 12.2 months |
Financial Health Grade: A
In 2023, Boys & Girls Club Of Garfield Inc reported a surplus of $261K with revenue exceeding expenses, holds 12.2 months of operating reserves (strong position), has a debt-to-asset ratio of 5.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Boys & Girls Club Of Garfield Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.4% | +11.0% | +12.7% |
| 2022 | +37.7% | +50.6% | +9.4% |
| 2021 | +63.8% | +34.5% | +17.3% |
| 2020 | -26.2% | -16.6% | -3.1% |
| 2019 | +19.2% | +4.0% | +6.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 1963 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Boys & Girls Club Of Garfield Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Boys & Girls Club Of Garfield Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $261K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.8%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided summary data, preventing a specific assessment of its reasonableness against organizational revenue and expenses.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Boys & Girls Club Of Garfield Inc:
- Consistent revenue growth from $728,737 in 2017 to $2,115,952 in 2023 demonstrates strong fundraising and program success.
- Assets have steadily increased, reaching $1,890,380 in 2023, indicating sound financial management and investment.
- Liabilities have decreased significantly from $298,778 in 2016 to $109,588 in 2023, improving the organization's financial stability.
Frequently Asked Questions about Boys & Girls Club Of Garfield Inc
Is Boys & Girls Club Of Garfield Inc a legitimate charity?
Boys & Girls Club Of Garfield Inc (EIN: 221660518) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.0M. No red flags identified. 3 strengths noted. Financial health grade: A.
How does Boys & Girls Club Of Garfield Inc spend its money?
Boys & Girls Club Of Garfield Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Boys & Girls Club Of Garfield Inc tax-deductible?
Boys & Girls Club Of Garfield Inc is registered as a tax-exempt nonprofit (EIN: 221660518). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Boys & Girls Club Of Garfield Inc's spending goes to programs?
Boys & Girls Club Of Garfield Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Boys & Girls Club Of Garfield Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Boys & Girls Club Of Garfield Inc is above average for NTEE category O23Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Boys & Girls Club Of Garfield Inc located?
Boys & Girls Club Of Garfield Inc is headquartered in Garfield, New Jersey and files with the IRS under EIN 221660518. It is classified under NTEE code O23Z.
How many years of IRS 990 filings does Boys & Girls Club Of Garfield Inc have?
Boys & Girls Club Of Garfield Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.0M in total revenue.
What does Boys & Girls Club Of Garfield Inc do?
Boys & Girls Club Of Garfield Inc is a nonprofit organization in the Youth Development sector, located in Garfield, New Jersey. It is classified under NTEE code O23Z.
How much revenue does Boys & Girls Club Of Garfield Inc have?
Boys & Girls Club Of Garfield Inc reported total revenue of $2,030,415. Based on 13 IRS 990 filings on record.
What are Boys & Girls Club Of Garfield Inc's total assets?
Boys & Girls Club Of Garfield Inc holds total assets of $1,857,797 as reported in IRS 990 filings.
Where is Boys & Girls Club Of Garfield Inc located?
Boys & Girls Club Of Garfield Inc is based in Garfield, New Jersey.
What is Boys & Girls Club Of Garfield Inc's EIN?
Boys & Girls Club Of Garfield Inc's Employer Identification Number (EIN) is 221660518. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Boys & Girls Club Of Garfield Inc?
Boys & Girls Club Of Garfield Inc is classified under NTEE code O23Z (Youth Development).
Is Boys & Girls Club Of Garfield Inc a registered 501(c)(3)?
Yes, Boys & Girls Club Of Garfield Inc is recognized as a tax-exempt organization by the IRS. EIN: 221660518.
Does Boys & Girls Club Of Garfield Inc file IRS Form 990?
Yes, Boys & Girls Club Of Garfield Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Boys & Girls Club Of Garfield Inc's revenue in 2023?
In the 202312 filing period, Boys & Girls Club Of Garfield Inc reported total revenue of $2,115,952, total expenses of $1,854,656, and net assets of $1,890,380.
Is Boys & Girls Club Of Garfield Inc's revenue growing or declining?
Boys & Girls Club Of Garfield Inc's revenue is growing. Revenue went from $1,833,169 (202212) to $2,115,952 (202312), a +15.4% change. Based on 13 filings on record.
What is Boys & Girls Club Of Garfield Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Boys & Girls Club Of Garfield Inc covers tax period 202312. It shows revenue of $2,115,952, expenses of $1,854,656, total assets of $1,890,380, and liabilities of $109,588.
How much does Boys & Girls Club Of Garfield Inc spend on programs vs administration?
Based on IRS 990 analysis, Boys & Girls Club Of Garfield Inc allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Boys & Girls Club Of Garfield Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Boys & Girls Club Of Garfield Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 3 strengths noted.
What are Boys & Girls Club Of Garfield Inc's strengths?
Positive indicators for Boys & Girls Club Of Garfield Inc include: Consistent revenue growth from $728,737 in 2017 to $2,115,952 in 2023 demonstrates strong fundraising and program success.. Assets have steadily increased, reaching $1,890,380 in 2023, indicating sound financial management and investment.. Liabilities have decreased significantly from $298,778 in 2016 to $109,588 in 2023, improving the organization's financial stability.. These findings are derived from AI analysis of the organization's financial filings.
How does Boys & Girls Club Of Garfield Inc compensate executives?
Executive compensation is not explicitly detailed in the provided summary data, preventing a specific assessment of its reasonableness against organizational revenue and expenses. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has the organization managed to achieve such consistent revenue growth over the past seven years?
The consistent revenue growth from $728,737 in 2017 to $2,115,952 in 2023 suggests effective fundraising strategies, strong community engagement, and potentially expanding program offerings that resonate with donors and beneficiaries.
What factors contributed to the significant reduction in liabilities from $298,778 in 2016 to $109,588 in 2023?
The substantial reduction in liabilities indicates disciplined financial management, possibly through strategic debt repayment, efficient expense control, or a shift towards funding operations through current revenue rather than incurring new debt.
Filing History
IRS 990 filing history for Boys & Girls Club Of Garfield Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Boys & Girls Club Of Garfield Inc's revenue has grown by 50.8%, moving from $1.4M to $2.1M. Total assets increased by 21.6% over the same period, from $1.6M to $1.9M. Total functional expenses rose by 27.6%, from $1.5M to $1.9M. In its most recent filing year (2023), Boys & Girls Club Of Garfield Inc reported a surplus of $261K, with revenue exceeding expenses. The organization holds $110K in liabilities against $1.9M in assets (debt-to-asset ratio: 5.8%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $1.9M | $1.9M | $110K | — | View 990 |
| 2022 | $1.8M | $1.7M | $1.7M | $159K | — | View 990 |
| 2021 | $1.3M | $1.1M | $1.5M | $176K | — | View 990 |
| 2020 | $813K | $825K | $1.3M | $171K | — | — |
| 2019 | $1.1M | $990K | $1.3M | $200K | — | View 990 |
| 2018 | $924K | $952K | $1.3M | $231K | — | View 990 |
| 2017 | $729K | $763K | $1.3M | $248K | — | View 990 |
| 2016 | $745K | $790K | $1.4M | $299K | — | View 990 |
| 2015 | $1.2M | $1.1M | $1.5M | $406K | — | View 990 |
| 2014 | $1.4M | $1.3M | $1.4M | $445K | — | View 990 |
| 2013 | $1.4M | $1.5M | $1.3M | $430K | — | View 990 |
| 2012 | $1.3M | $1.5M | $1.5M | $448K | — | View 990 |
| 2011 | $1.4M | $1.5M | $1.6M | $260K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $1.9M, and assets of $1.9M (revenue +15.4% year-over-year).
- 2022: Revenue of $1.8M, expenses of $1.7M, and assets of $1.7M (revenue +37.7% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.1M, and assets of $1.5M (revenue +63.8% year-over-year).
- 2020: Revenue of $813K, expenses of $825K, and assets of $1.3M (revenue -26.2% year-over-year).
- 2019: Revenue of $1.1M, expenses of $990K, and assets of $1.3M (revenue +19.2% year-over-year).
- 2018: Revenue of $924K, expenses of $952K, and assets of $1.3M (revenue +26.8% year-over-year).
- 2017: Revenue of $729K, expenses of $763K, and assets of $1.3M (revenue -2.2% year-over-year).
- 2016: Revenue of $745K, expenses of $790K, and assets of $1.4M (revenue -39.2% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.1M, and assets of $1.5M (revenue -11.8% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.3M, and assets of $1.4M (revenue +1.8% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.5M, and assets of $1.3M (revenue +5.0% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.5M, and assets of $1.5M (revenue -7.3% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.5M, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Boys & Girls Club Of Garfield Inc:
Data Sources and Methodology
This transparency report for Boys & Girls Club Of Garfield Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.