Boys Shelter Inc

Analysis

Boys Shelter Inc is a registered charity in United States, based in Fort Smith, AR. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, 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 December 2023, Boys Shelter Inc reported income of $1.3m and spending of $732k, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $442k to $1.3m (+197%), an average of +31% a year. The sharpest change came in the year to December 2020, when income rose by 59%. Over the whole period it spent 61% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Boys Shelter Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within AR. Charities of a similar size with the same main cause include Womens Civic Improvement Club of Sacramento ($1.3m), Downtown Worcester Business Improvement District Inc ($1.3m) and Winston Starts ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $294k. At year end it held assets of $2.1m against liabilities of $201k, net assets of $1.9m. It reported 20 employees.