Variety Boys And Girls Club Of Queens Inc
Variety Boys And Girls Club Of Queens Inc shows strong revenue growth and asset accumulation with no reported officer compensation.
EIN: 116014770 · Astoria, NY · NTEE: O23 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.6M |
| Total Expenses | $3.6M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $6 |
| Net Assets | $8.0M |
| Transparency Score | 90/100 |
Is Variety Boys And Girls Club Of Queens Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Variety Boys And Girls Club Of Queens Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Variety Boys And Girls Club Of Queens Inc
Variety Boys And Girls Club Of Queens Inc (EIN: 116014770) is a nonprofit organization based in Astoria, NY, classified under NTEE code O23. The organization reported total revenue of $5.6M and total assets of $9.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Variety Boys And Girls Club Of Queens Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Variety Boys And Girls Club Of Queens Inc is a mid-size nonprofit that has been operating for 75 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.7M |
| Total Expenses | $3.6M |
| Surplus / Deficit | +$3.1M |
| Total Assets | $9.1M |
| Total Liabilities | $1.2M |
| Net Assets | $8.0M |
| Operating Margin | 46.9% |
| Debt-to-Asset Ratio | 12.7% |
| Months of Reserves | 30.8 months |
Financial Health Grade: A
In 2023, Variety Boys And Girls Club Of Queens Inc reported a surplus of $3.1M with revenue exceeding expenses, holds 30.8 months of operating reserves (strong position), has a debt-to-asset ratio of 12.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Variety Boys And Girls Club Of Queens Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +26.7% | -13.4% | +47.7% |
| 2022 | +37.8% | +27.6% | +27.5% |
| 2021 | +60.5% | +27.2% | +4.5% |
| 2020 | -30.0% | -20.0% | +10.1% |
| 2019 | +34.2% | +19.4% | +7.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1951 |
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 Variety Boys And Girls Club Of Queens Inc with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Variety Boys And Girls Club Of Queens Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $3.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 12.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with revenue exceeding $6 million. This suggests that executive leadership may be uncompensated volunteers or compensated through mechanisms not reported as officer compensation on the 990, which could be a strength in terms of resource allocation but also warrants further inquiry for full transparency.
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 Variety Boys And Girls Club Of Queens Inc's IRS 990 filings:
- Unusually low or zero reported officer compensation, which may obscure actual executive remuneration practices.
Strengths
The following positive indicators were identified for Variety Boys And Girls Club Of Queens Inc:
- Strong and consistent revenue growth, particularly from $2,393,764 in 202009 to $6,711,976 in 202306.
- Significant asset accumulation, growing from $2,812,132 in 201409 to $9,140,566 in 202306, indicating financial stability.
- Positive net income in recent years, with revenue ($6,711,976) significantly exceeding expenses ($3,562,291) in 202306.
- Healthy financial reserves with assets far exceeding liabilities, demonstrating strong fiscal management.
Frequently Asked Questions about Variety Boys And Girls Club Of Queens Inc
Is Variety Boys And Girls Club Of Queens Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Variety Boys And Girls Club Of Queens Inc (EIN: 116014770) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Variety Boys And Girls Club Of Queens Inc spend its money?
Variety Boys And Girls Club Of Queens Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Variety Boys And Girls Club Of Queens Inc tax-deductible?
Variety Boys And Girls Club Of Queens Inc is registered as a tax-exempt nonprofit (EIN: 116014770). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Variety Boys And Girls Club Of Queens Inc CEO make?
Variety Boys And Girls Club Of Queens Inc's highest-compensated officer earns $6 annually. The organization reported $5.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Variety Boys And Girls Club Of Queens Inc's spending goes to programs?
Variety Boys And Girls Club Of Queens Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Variety Boys And Girls Club Of Queens Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Variety Boys And Girls Club Of Queens Inc is above average for NTEE category O23 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Variety Boys And Girls Club Of Queens Inc located?
Variety Boys And Girls Club Of Queens Inc is headquartered in Astoria, New York and files with the IRS under EIN 116014770. It is classified under NTEE code O23.
How many years of IRS 990 filings does Variety Boys And Girls Club Of Queens Inc have?
Variety Boys And Girls Club Of Queens 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 $5.6M in total revenue.
How does Variety Boys And Girls Club Of Queens Inc manage to report 0% officer compensation given its size and revenue?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization with revenue exceeding $6 million. This could indicate that executive leadership is entirely volunteer-based, or that compensation is structured in a way that is not categorized as 'officer compensation' on the IRS Form 990. Further investigation into their compensation policies and practices would be needed to fully understand this aspect.
What is the primary driver of the significant revenue growth observed in recent years?
The organization has seen substantial revenue growth, particularly from $2,393,764 in 202009 to $6,711,976 in 202306. While the 990 data provided doesn't detail specific revenue sources, this growth suggests successful fundraising efforts, increased grant funding, or expanded program fees. Analyzing the detailed revenue breakdown in their full 990 forms would clarify the specific drivers.
How does the organization ensure its liabilities remain manageable despite asset growth?
While assets have grown significantly from $2,812,132 in 201409 to $9,140,566 in 202306, liabilities have also fluctuated but remained at a manageable level relative to assets. For instance, in 202306, liabilities were $1,164,674 against $9,140,566 in assets, indicating a strong financial position with ample reserves to cover obligations.
Filing History
IRS 990 filing history for Variety Boys And Girls Club Of Queens Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Variety Boys And Girls Club Of Queens Inc's revenue has grown by 453%, moving from $1.2M to $6.7M. Total assets increased by 265.1% over the same period, from $2.5M to $9.1M. Total functional expenses rose by 195.5%, from $1.2M to $3.6M. In its most recent filing year (2023), Variety Boys And Girls Club Of Queens Inc reported a surplus of $3.1M, with revenue exceeding expenses. The organization holds $1.2M in liabilities against $9.1M in assets (debt-to-asset ratio: 12.7%), resulting in net assets of $8.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.7M | $3.6M | $9.1M | $1.2M | — | View 990 |
| 2022 | $5.3M | $4.1M | $6.2M | $1.4M | — | View 990 |
| 2021 | $3.8M | $3.2M | $4.9M | $1.2M | — | View 990 |
| 2020 | $2.4M | $2.5M | $4.6M | $1.6M | — | — |
| 2019 | $3.4M | $3.2M | $4.2M | $1.1M | — | View 990 |
| 2018 | $2.5M | $2.7M | $3.9M | $1.0M | — | View 990 |
| 2017 | $1.8M | $1.8M | $3.0M | $264K | — | View 990 |
| 2016 | $1.5M | $1.5M | $3.0M | $309K | — | View 990 |
| 2015 | $1.1M | $1.2M | $2.9M | $238K | — | View 990 |
| 2014 | $1.0M | $1.2M | $2.8M | $125K | — | View 990 |
| 2013 | $1.2M | $1.4M | $3.0M | $140K | — | View 990 |
| 2012 | $2.0M | $1.3M | $3.3M | $187K | — | View 990 |
| 2011 | $1.2M | $1.2M | $2.5M | $86K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.7M, expenses of $3.6M, and assets of $9.1M (revenue +26.7% year-over-year).
- 2022: Revenue of $5.3M, expenses of $4.1M, and assets of $6.2M (revenue +37.8% year-over-year).
- 2021: Revenue of $3.8M, expenses of $3.2M, and assets of $4.9M (revenue +60.5% year-over-year).
- 2020: Revenue of $2.4M, expenses of $2.5M, and assets of $4.6M (revenue -30.0% year-over-year).
- 2019: Revenue of $3.4M, expenses of $3.2M, and assets of $4.2M (revenue +34.2% year-over-year).
- 2018: Revenue of $2.5M, expenses of $2.7M, and assets of $3.9M (revenue +43.4% year-over-year).
- 2017: Revenue of $1.8M, expenses of $1.8M, and assets of $3.0M (revenue +16.6% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.5M, and assets of $3.0M (revenue +33.3% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.2M, and assets of $2.9M (revenue +9.9% year-over-year).
- 2014: Revenue of $1.0M, expenses of $1.2M, and assets of $2.8M (revenue -11.9% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.4M, and assets of $3.0M (revenue -40.1% year-over-year).
- 2012: Revenue of $2.0M, expenses of $1.3M, and assets of $3.3M (revenue +62.5% year-over-year).
- 2011: Revenue of $1.2M, expenses of $1.2M, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Variety Boys And Girls Club Of Queens Inc:
Data Sources and Methodology
This transparency report for Variety Boys And Girls Club Of Queens 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.