Boulder Crest Foundation

Analysis

Boulder Crest Foundation is a registered charity in United States, based in Bluemont, VA. It received its IRS tax-exemption ruling in February 2011, 15 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, Boulder Crest Foundation reported income of $16.9m and spending of $13.1m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.8m to $16.9m (+73%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 128%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Boulder Crest Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within VA. Charities of a similar size with the same main cause include Young Mens Christian Association of the Iowa Mississippi Valley ($16.9m), High Plains Christian Ministries Foundation ($16.9m) and Community Action of Skagit County ($16.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $787k (6.0% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $39.9m against liabilities of $650k, net assets of $39.2m. It reported 60 employees.