Father Maloneys Boys Haven Inc

Analysis

Father Maloneys Boys Haven Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Father Maloneys Boys Haven Inc reported income of $7.7m and spending of $6.8m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.5m to $7.7m (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Father Maloneys Boys Haven Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within KY. Charities of a similar size with the same main cause include Korean American Family Services Inc ($7.7m), Young Womens Freedom Center ($7.7m) and Roads to Success Inc ($7.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $241k (3.6% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $13.7m against liabilities of $1.2m, net assets of $12.5m. It reported 159 employees.