Father Flanagans Boys Home

Analysis

Father Flanagans Boys Home is a registered charity in United States, based in Boys Town, NE. 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 $3.7m and spending of $4.4m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.0m to $3.7m (-38%), an average of -11% a year. The sharpest change came in the year to December 2023, when income dropped by 36%. Over the whole period it spent 108% 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 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within NE. Charities of a similar size with the same main cause include Israel Select Charity Fund Inc ($3.7m), Word of Life International Inc ($3.7m) and News ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $199k (4.5% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $9.5m against liabilities of $23k, net assets of $9.4m.