Bowen Foundation Inc

Analysis

Bowen Foundation Inc is a registered charity in United States, based in Garden Ridge, TX. It received its IRS tax-exemption ruling in September 1971, 55 years ago. The IRS classifies it as a suspense under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bowen Foundation Inc reported income of $272k and spending of $277k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $254k to $272k (+7.2%), an average of +1.8% a year. The sharpest change came in the year to December 2022, when income rose by 31%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bowen Foundation Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 64th percentile within TX. Charities of a similar size with the same main cause include T C Roberson Rams Club Inc ($272k), Pleasant Valley Swim Club ($272k) and Smith Point Sea Rescue Inc ($272k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. Other salaries and wages came to $100k. At year end it held assets of $678k against liabilities of $121k, net assets of $557k. It reported 7 employees.