The R H Boyd Company

Analysis

The R H Boyd Company is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in September 1999, 27 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, The R H Boyd Company reported income of $2.6m and spending of $4.5m, spending 172% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.8m to $2.6m (-32%), an average of -9.1% a year. The sharpest change came in the year to December 2021, when income dropped by 51%. Over the whole period it spent 135% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, The R H Boyd Company sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within TN. Charities of a similar size with the same main cause include Inca Link International ($2.6m), Family Promise-Greater Phoenix ($2.6m) and Seabeck Conference Center ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.0% of the total. Compensation of current officers, directors and key employees was $285k (6.3% of expenses). Other salaries and wages came to $620k. At year end it held assets of $11.4m against liabilities of $1.1m, net assets of $10.3m. It reported 14 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.