Local Boys Do Good
Local Boys Do Good shows strong asset growth and no reported officer compensation over a decade.
EIN: 205093812 · Greenville, SC · NTEE: T12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $522K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $1.1M |
| Transparency Score | 92/100 |
Is Local Boys Do Good Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Local Boys Do Good directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Local Boys Do Good
Local Boys Do Good (EIN: 205093812) is a nonprofit organization based in Greenville, SC, classified under NTEE code T12. The organization reported total revenue of $1.5M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Local Boys Do Good's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Local Boys Do Good is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 18.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $597K |
| Total Expenses | $522K |
| Surplus / Deficit | +$75K |
| Total Assets | $1.1M |
| Total Liabilities | $6K |
| Net Assets | $1.1M |
| Operating Margin | 12.6% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 25.0 months |
Financial Health Grade: A
In 2023, Local Boys Do Good reported a surplus of $75K with revenue exceeding expenses, holds 25.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Local Boys Do Good's revenue has grown at a compound annual growth rate (CAGR) of 18.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +19.3% | +55.7% | +7.0% |
| 2022 | -35.9% | +16.6% | +20.6% |
| 2021 | -38.7% | -74.3% | +136.6% |
| 2020 | +246.3% | +338.4% | +83.1% |
| 2019 | +120.3% | +21.8% | +142.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Local Boys Do Good with a Mission Score of 92 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Local Boys Do Good allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 $75K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all 13 filings, indicating either a fully volunteer-led executive team or that executive salaries are covered by other means not reported as officer compensation, which is highly unusual for an organization with over $1 million in assets.
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.
Red Flags
The following concerns were identified during AI analysis of Local Boys Do Good's IRS 990 filings:
- Unusually low liabilities relative to assets, which could indicate conservative financial practices but also potentially missed opportunities for leveraging funds for growth.
- The consistent 0% officer compensation, while positive for efficiency, could also indicate a lack of transparency if executive services are being compensated through non-officer roles or related entities not clearly disclosed.
Strengths
The following positive indicators were identified for Local Boys Do Good:
- Consistent and significant asset growth, from $16,446 in 2014 to $1,089,022 in 2023, indicating strong financial management.
- Zero reported officer compensation across all 13 filings, suggesting high efficiency and dedication of funds to programs.
- Revenue consistently exceeding expenses in most years, leading to healthy net income and financial stability.
- Strong revenue generation, with latest revenue at $1,456,958 and a peak of $1,275,912 in 2020, demonstrating effective fundraising.
Frequently Asked Questions about Local Boys Do Good
Is Local Boys Do Good a legitimate charity?
Based on AI analysis of IRS 990 filings, Local Boys Do Good (EIN: 205093812) some concerns. Mission Score: 92/100. 2 red flags identified, 4 strengths noted.
How does Local Boys Do Good spend its money?
Local Boys Do Good directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Local Boys Do Good tax-deductible?
Local Boys Do Good is registered as a tax-exempt nonprofit (EIN: 205093812). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Local Boys Do Good CEO make?
Local Boys Do Good's highest-compensated officer earns $1 annually. The organization reported $1.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Local Boys Do Good's spending goes to programs?
Local Boys Do Good directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Local Boys Do Good compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Local Boys Do Good is above average for NTEE category T12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Local Boys Do Good located?
Local Boys Do Good is headquartered in Greenville, South Carolina and files with the IRS under EIN 205093812. It is classified under NTEE code T12.
How many years of IRS 990 filings does Local Boys Do Good have?
Local Boys Do Good 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 $1.5M in total revenue.
How does Local Boys Do Good manage to operate with 0% reported officer compensation?
The IRS 990 filings consistently show 0% officer compensation, which could mean the organization is entirely volunteer-run at the executive level, or that executive services are provided pro-bono or through a related entity not directly compensated by the organization's reported funds. This is a significant positive for donor confidence.
What caused the significant revenue increase in 2020 to $1,275,912?
The filing data shows a substantial spike in revenue in 2020. This could be due to a major grant, a successful capital campaign, or increased donations related to specific events or needs during that period. Further investigation into the 2020 filing's Schedule A (Public Charity Status and Public Support) would provide more details.
Is the organization's asset growth sustainable?
Local Boys Do Good has demonstrated consistent asset growth, from $16,446 in 2014 to $1,089,022 in 2023. This trend, coupled with revenues generally exceeding expenses, suggests a sustainable financial model for asset accumulation, provided current fundraising and expense management practices continue.
What is the organization's primary program focus given its NTEE code T12?
The NTEE code T12 typically refers to 'Youth Development Programs'. This suggests the organization's primary mission is focused on programs and services aimed at the development and well-being of young people, aligning with its name 'Local Boys Do Good'.
Filing History
IRS 990 filing history for Local Boys Do Good showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Local Boys Do Good's revenue has grown by 650.2%, moving from $80K to $597K. Total assets increased by 12128% over the same period, from $9K to $1.1M. Total functional expenses rose by 429.5%, from $99K to $522K. In its most recent filing year (2023), Local Boys Do Good reported a surplus of $75K, with revenue exceeding expenses. The organization holds $6K in liabilities against $1.1M in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $597K | $522K | $1.1M | $6K | — | — |
| 2022 | $501K | $335K | $1.0M | $9K | — | — |
| 2021 | $782K | $288K | $844K | $320 | — | View 990 |
| 2020 | $1.3M | $1.1M | $357K | $7K | — | — |
| 2019 | $368K | $255K | $195K | $3K | — | View 990 |
| 2018 | $167K | $209K | $80K | $2K | — | View 990 |
| 2017 | $272K | $228K | $121K | $1K | — | — |
| 2016 | $198K | $190K | $88K | $12K | — | View 990 |
| 2015 | $231K | $159K | $69K | $2K | — | View 990 |
| 2014 | $135K | $125K | $16K | $20K | — | View 990 |
| 2013 | $113K | $136K | $15K | $29K | — | View 990 |
| 2012 | $177K | $133K | $38K | $30K | — | View 990 |
| 2011 | $80K | $99K | $9K | $29K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $597K, expenses of $522K, and assets of $1.1M (revenue +19.3% year-over-year).
- 2022: Revenue of $501K, expenses of $335K, and assets of $1.0M (revenue -35.9% year-over-year).
- 2021: Revenue of $782K, expenses of $288K, and assets of $844K (revenue -38.7% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.1M, and assets of $357K (revenue +246.3% year-over-year).
- 2019: Revenue of $368K, expenses of $255K, and assets of $195K (revenue +120.3% year-over-year).
- 2018: Revenue of $167K, expenses of $209K, and assets of $80K (revenue -38.6% year-over-year).
- 2017: Revenue of $272K, expenses of $228K, and assets of $121K (revenue +37.6% year-over-year).
- 2016: Revenue of $198K, expenses of $190K, and assets of $88K (revenue -14.3% year-over-year).
- 2015: Revenue of $231K, expenses of $159K, and assets of $69K (revenue +71.7% year-over-year).
- 2014: Revenue of $135K, expenses of $125K, and assets of $16K (revenue +18.9% year-over-year).
- 2013: Revenue of $113K, expenses of $136K, and assets of $15K (revenue -36.2% year-over-year).
- 2012: Revenue of $177K, expenses of $133K, and assets of $38K (revenue +122.7% year-over-year).
- 2011: Revenue of $80K, expenses of $99K, and assets of $9K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Local Boys Do Good:
Data Sources and Methodology
This transparency report for Local Boys Do Good 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.