Bost Inc

Analysis

Bost Inc is a registered charity in United States, based in Fort Smith, AR. It received its IRS tax-exemption ruling in February 1981, 45 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 June 2023, Bost Inc reported income of $42.9m and spending of $39.7m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $34.8m to $42.9m (+23%), an average of +5.4% a year. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bost Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within AR. Charities of a similar size with the same main cause include Lakewood Manor Baptist Retirement Community Inc ($42.8m), Valley Youth House Committee ($43.0m) and Alvis Inc ($42.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.4% and program service revenue 93% of the total. Other salaries and wages came to $29.9m. At year end it held assets of $34.8m against liabilities of $7.6m, net assets of $27.2m. It reported 1,132 employees.