Boyds Kinsman Home Inc

Analysis

Boyds Kinsman Home Inc is a registered charity in United States, based in Kinsman, OH. It received its IRS tax-exemption ruling in June 1978, 48 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Boyds Kinsman Home Inc reported income of $4.3m and spending of $4.1m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $4.3m (+43%), an average of +9.3% a year. The sharpest change came in the year to December 2022, when income rose by 37%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Boyds Kinsman Home Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within OH. Charities of a similar size with the same main cause include Tri-County Community Action Agency Inc ($4.3m), Treasure Coast Homeless Service Council Inc ($4.3m) and New Mexico Christian Childrens Home Inc ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $306k (7.5% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $2.6m against liabilities of $268k, net assets of $2.4m. It reported 55 employees.