Boys Latin Foundation

Analysis

Boys Latin Foundation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in October 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Boys Latin Foundation reported income of $1.2m and spending of $765k, leaving 39% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.6m to $1.2m (-51%), an average of -16% a year. The sharpest change came in the year to June 2020, when income dropped by 25%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Boys Latin Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within PA. Charities of a similar size with the same main cause include Olean Public Library ($1.2m), Friends Of@hynes ($1.2m) and Childrens Center of the Faith United Methidist Church of Methuen ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $199k (26% of expenses). Other salaries and wages came to $301k. At year end it held assets of $5.4m against liabilities of $2.1m, net assets of $3.3m. It reported 8 employees.