Town of Bolton Development Corp

Analysis

Town of Bolton Development Corp is a registered charity in United States, based in Bolton, MS. It received its IRS tax-exemption ruling in December 1977, 49 years ago. 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, Town of Bolton Development Corp reported income of $657k and spending of $347k, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $657k (-41%), an average of -12% a year. The sharpest change came in the year to December 2021, when income rose by 203%. Over the whole period it spent 52% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Town of Bolton Development Corp sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within MS. Charities of a similar size with the same main cause include Opportunity Center Inc ($657k), Mha of Butler County ($657k) and Building Lives Foundation Inc ($657k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% of the total. Compensation of current officers, directors and key employees was $28k (8.2% of expenses). At year end it held assets of $3.7m against liabilities of $472k, net assets of $3.3m.