The Home for Little Wanderers Inc

Analysis

The Home for Little Wanderers Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in September 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Home for Little Wanderers Inc reported income of $69.7m and spending of $82.1m, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $46.8m to $69.7m (+49%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 36%. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Home for Little Wanderers Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include Youth Consultation Service Inc ($69.5m), Young Mens Christian Association of Greater Indianapolis ($69.8m) and Mag America Inc ($69.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $2.0m (2.4% of expenses). Other salaries and wages came to $45.1m. At year end it held assets of $117.9m against liabilities of $35.0m, net assets of $82.9m. It reported 1,225 employees.