Boonslick Industries Inc

Analysis

Boonslick Industries Inc is a registered charity in United States, based in Boonville, MO. It received its IRS tax-exemption ruling in July 1977, 49 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 June 2024, Boonslick Industries Inc reported income of $2.0m and spending of $2.3m, spending 112% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $2.2m to $2.0m (-6.8%), an average of -1.8% a year. The sharpest change came in the year to June 2023, when income dropped by 24%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Boonslick Industries Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within MO. Charities of a similar size with the same main cause include Our City Reading Inc ($2.0m), Site Foundation ($2.0m) and Shenandoah Valley Workforce Investment Board Inc ($2.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 25% and program service revenue 61% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $5.5m against liabilities of $275k, net assets of $5.2m. It reported 42 employees.