Boynton Beach Faith Based Community Dev Corp

Analysis

Boynton Beach Faith Based Community Dev Corp is a registered charity in United States, based in Boynton Beach, FL. It received its IRS tax-exemption ruling in October 2000, 26 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2022, Boynton Beach Faith Based Community Dev Corp reported income of $746k and spending of $738k, spending 99% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $349k to $746k (+114%), an average of +29% a year. The sharpest change came in the year to December 2020, when income rose by 102%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Boynton Beach Faith Based Community Dev Corp sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within FL. Charities of a similar size with the same main cause include Viking Plass Inc ($745k), Will Wood VIII ($746k) and Great River Housing Inc ($745k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $68k (9.2% of expenses). Other salaries and wages came to $218k. At year end it held assets of $2.0m against liabilities of $155k, net assets of $1.8m. It reported 7 employees.