Boys Haven of America Inc

Analysis

Boys Haven of America Inc is a registered charity in United States, based in Beaumont, TX. It received its IRS tax-exemption ruling in April 1971, 55 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, Boys Haven of America Inc reported income of $455k and spending of $494k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $659k to $455k (-31%), an average of -8.9% a year. The sharpest change came in the year to December 2021, when income dropped by 46%. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Boys Haven of America Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Chesapeake Voyagers Inc ($455k), Veterans Community Thrift Store ($455k) and H O P E Through Divine Intervention ($454k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $57k (12% of expenses). Other salaries and wages came to $205k. At year end it held assets of $181k against liabilities of $27k, net assets of $153k. It reported 25 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.