Boys Farm Inc

Analysis

Boys Farm Inc is a registered charity in United States, based in Newberry, SC. It received its IRS tax-exemption ruling in June 1964, 62 years ago. 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 September 2023, Boys Farm Inc reported income of $1.4m and spending of $953k, leaving 34% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.2m to $1.4m (+24%), an average of +5.4% a year. The sharpest change came in the year to September 2021, when income rose by 69%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boys Farm Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 86th percentile within SC. Charities of a similar size with the same main cause include John F Kennedy Memorial Foundation ($1.4m), Seneca Hills Bible Conference ($1.4m) and Two Rivers Habitat for Humanity ($1.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 91% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $80k (8.3% of expenses). Other salaries and wages came to $343k. At year end it held assets of $5.1m against liabilities of $18k, net assets of $5.1m. It reported 16 employees.