James Barry Robinson Home for Boys Trust

Analysis

James Barry Robinson Home for Boys Trust is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, James Barry Robinson Home for Boys Trust reported income of $12.6m and spending of $3.7m, leaving 71% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.8m to $12.6m (+164%), an average of +28% a year. The sharpest change came in the year to June 2023, when income rose by 131%. Over the whole period it spent 56% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, James Barry Robinson Home for Boys Trust sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within VA. Charities of a similar size with the same main cause include Horatio Alger Endowment Fund ($12.6m), Ad Prima Charter School ($12.6m) and Grandville Calvin Christian Schools ($12.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.9% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $75k (2.0% of expenses). At year end it held assets of $63.7m against liabilities of $4.5m, net assets of $59.2m.