Bowen Residential Inc

Analysis

Bowen Residential Inc is a registered charity in United States, based in Warsaw, IN. It received its IRS tax-exemption ruling in April 1991, 35 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2024, Bowen Residential Inc reported income of $83k and spending of $116k, spending 140% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $84k to $83k (-1.2%), an average of -1.2% a year. Over the whole period it spent 121% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bowen Residential Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 29th percentile within IN. Charities of a similar size with the same main cause include A House for Me ($83k), Lorraine Murphy Housing Foundation ($83k) and Continuum Supportive Housing of Wethersfield Inc ($83k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $169k against liabilities of $482k, net assets of -$312k.