Boys and Girls Home of North Carolina Inc

Analysis

Boys and Girls Home of North Carolina Inc is a registered charity in United States, based in Lake Waccamaw, NC. It received its IRS tax-exemption ruling in March 1980, 46 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Boys and Girls Home of North Carolina Inc reported income of $11.3m and spending of $11.6m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $12.0m to $11.3m (-5.8%), an average of -1.5% a year. The sharpest change came in the year to June 2022, when income rose by 47%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Boys and Girls Home of North Carolina Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NC. Charities of a similar size with the same main cause include Visioncorps ($11.3m), Camelot Society Inc ($11.3m) and Caringworks Inc ($11.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 13% of the total. Other salaries and wages came to $386k. At year end it held assets of $28.7m against liabilities of $1.8m, net assets of $26.9m.