Bok Tower Gardens Inc

Analysis

Bok Tower Gardens Inc is a registered charity in United States, based in Lake Wales, FL. It received its IRS tax-exemption ruling in January 2009, 17 years ago. 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 September 2023, Bok Tower Gardens Inc reported income of $8.5m and spending of $7.9m, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $6.8m to $8.5m (+26%), an average of +5.9% a year. The sharpest change came in the year to September 2023, when income rose by 27%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bok Tower Gardens Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include HRH Management Corporation ($8.5m), American Indian Higher Education Consortium ($8.5m) and St Vincents Day Home ($8.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 42% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $447k (5.7% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $72.3m against liabilities of $913k, net assets of $71.3m. It reported 131 employees.