Boys and Girls Home of Sioux City Iowa

Analysis

Boys and Girls Home of Sioux City Iowa is a registered charity in United States, based in Sioux City, IA. It received its IRS tax-exemption ruling in January 1989, 37 years ago. 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, Boys and Girls Home of Sioux City Iowa reported income of $1.1m and spending of $761k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $567k to $1.1m (+90%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 139% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boys and Girls Home of Sioux City Iowa sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within IA. Charities of a similar size with the same main cause include Families of Children Under Stress Inc ($1.1m), Michigan Federation for Children and Families ($1.1m) and Dominion Life Christian Academy Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $94k (12% of expenses). Other salaries and wages came to $142k. At year end it held assets of $2.6m against liabilities of $23k, net assets of $2.6m. It reported 10 employees.