Father Flanagans Boys Home

Analysis

Father Flanagans Boys Home is a registered charity in United States, based in Portsmouth, RI. It received its IRS tax-exemption ruling in July 2003, 23 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 December 2023, Father Flanagans Boys Home reported income of $9.8m and spending of $9.9m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.8m to $9.8m (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2022, when income rose by 28%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Father Flanagans Boys Home sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within RI. Charities of a similar size with the same main cause include Methodist Services ($9.8m), International Guiding Eyes Inc ($9.8m) and Family Violence Prevention Services Inc ($9.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $243k (2.5% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $5.5m against liabilities of $1.1m, net assets of $4.4m.