Bohemian Home for the Aged

Analysis

Bohemian Home for the Aged is a registered charity in United States, based in Naperville, IL. It received its IRS tax-exemption ruling in July 1938, 88 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 September 2023, Bohemian Home for the Aged reported income of $7.9m and spending of $5.9m, leaving 26% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $6.6m to $7.9m (+20%), an average of +4.6% a year. The sharpest change came in the year to September 2023, when income rose by 19%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bohemian Home for the Aged sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IL. Charities of a similar size with the same main cause include Mapleton Community Home ($7.9m), Merakey Bucks County ($7.9m) and Karamu Nutrition Program ($7.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 16% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $75k (1.3% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $35.0m against liabilities of $28.2m, net assets of $6.8m. It reported 35 employees.