Boyds Mills Inc

Analysis

Boyds Mills Inc is a registered charity in United States, based in Milanville, PA. It received its IRS tax-exemption ruling in October 1987, 39 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 February 2024, Boyds Mills Inc reported income of $2.1m and spending of $2.3m, spending 107% of what it took in. Across the 5 years on record, from February 2020 to February 2024, income grew from $1.7m to $2.1m (+28%), an average of +6.3% a year. The sharpest change came in the year to February 2023, when income rose by 31%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boyds Mills Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within PA. Charities of a similar size with the same main cause include California Teachers Association Institute for Teaching ($2.1m), Lakelands Little Learners ($2.1m) and Newark Arts Council ($2.1m).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 17% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $114k (5.0% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $6.7m against liabilities of $572k, net assets of $6.2m.