Father Flanagans Boys Home

Analysis

Father Flanagans Boys Home is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in July 2003, 23 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 December 2023, Father Flanagans Boys Home reported income of $7.9m and spending of $8.3m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $8.2m to $7.9m (-3.7%), an average of -0.9% a year. The sharpest change came in the year to December 2022, when income rose by 22%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes 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 94th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Bittersweet Inc ($7.9m), Pickens County Young Mens Christian Association ($7.9m) and The Project on Government Oversight Inc ($7.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $159k (1.9% of expenses). Other salaries and wages came to $5.0m. At year end it held assets of $1.8m against liabilities of $1.2m, net assets of $625k.