Boscovet Project

Analysis

Boscovet Project is a registered charity in United States, based in Stanwood, WA. It received its IRS tax-exemption ruling in April 2013, 13 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, Boscovet Project reported income of $199k and spending of $198k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $133k to $199k (+49%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 134%. Over the whole period it spent 63% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Boscovet Project sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within WA. Charities of a similar size with the same main cause include Love Moves US Inc ($199k), Frog Ministry Inc ($199k) and Casa of Lake County ($199k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $9,068 against liabilities of $0, net assets of $9,068.