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 January 1922, 104 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a school 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 $460.1m and spending of $481.5m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $370.3m to $460.1m (+24%), an average of +5.6% a year. Over the whole period it spent 94% 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 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NE. Charities of a similar size with the same main cause include Partnership for Supply Chain Manage Ment ($443.2m), Golden Gate Regional Center Inc ($485.1m) and North Bay Developmental Disabilities Services Inc ($414.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $3.2m (0.7% of expenses). Other salaries and wages came to $208.6m. At year end it held assets of $1.83bn against liabilities of $152.1m, net assets of $1.68bn. It reported 4,435 employees.