Father Flanagans Boys Home

Analysis

Father Flanagans Boys Home is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in March 1920, 106 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 December 2023, Father Flanagans Boys Home reported income of $10.6m and spending of $10.4m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.4m to $10.6m (+26%), an average of +5.9% a year. The sharpest change came in the year to December 2021, when income rose by 16%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Father Flanagans Boys Home sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within LA. Charities of a similar size with the same main cause include Cayenne Wellness Center and Childrens Foundation Inc ($10.6m), Cheshire Home Inc ($10.6m) and Minnesota Masonic Charities Funds ($10.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $233k (2.2% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $3.3m against liabilities of $470k, net assets of $2.8m.