Boxerwood Education Association Incorporated

Analysis

Boxerwood Education Association Incorporated is a registered charity in United States, based in Lexington, VA. It received its IRS tax-exemption ruling in April 2000, 26 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Boxerwood Education Association Incorporated reported income of $509k and spending of $467k, spending 92% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $273k to $509k (+86%), an average of +23% a year. The sharpest change came in the year to June 2021, when income rose by 110%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Boxerwood Education Association Incorporated sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within VA. Charities of a similar size with the same main cause include The Friends of the Wanamaker Organ Inc ($509k), Fund for Bric Community Media Inc ($509k) and Rock on Wheels Inc ($509k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $38k (8.2% of expenses). Other salaries and wages came to $247k. At year end it held assets of $838k against liabilities of $162k, net assets of $676k. It reported 18 employees.