Friends Boarding Home of Bucks Quarterly Meeting

Analysis

Friends Boarding Home of Bucks Quarterly Meeting is a registered charity in United States, based in Newtown, PA. It received its IRS tax-exemption ruling in July 1935, 91 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends Boarding Home of Bucks Quarterly Meeting reported income of $4.0m and spending of $3.6m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.3m to $4.0m (+21%), an average of +5.0% a year. The sharpest change came in the year to December 2022, when income rose by 28%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends Boarding Home of Bucks Quarterly Meeting sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within PA. Charities of a similar size with the same main cause include Sistercare Inc ($4.0m), Public Knowledge ($4.0m) and Vitae Foundation ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $134k (3.7% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $23.6m against liabilities of $3.1m, net assets of $20.5m. It reported 42 employees.