Boys Home Incorporated

Analysis

Boys Home Incorporated is a registered charity in United States, based in Covington, VA. It received its IRS tax-exemption ruling in April 2025. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Boys Home Incorporated reported income of $3.2m and spending of $5.1m, spending 156% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.5m to $3.2m (+29%), an average of +6.5% a year. The sharpest change came in the year to June 2020, when income rose by 103%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Boys Home Incorporated sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within VA. Charities of a similar size with the same main cause include Islamic Foundation of Nevada a Nevada Non Profit Corporation ($3.2m), Library Association of LA Jolla ($3.2m) and Special Education Leader Fellowship ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $193k (3.8% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $44.2m against liabilities of $373k, net assets of $43.8m. It reported 70 employees.