Boles Childrens Home Inc

Analysis

Boles Childrens Home Inc is a registered charity in United States, based in Quinlan, TX. It received its IRS tax-exemption ruling in October 2002, 24 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 June 2023, Boles Childrens Home Inc reported income of $1.2m and spending of $3.0m, spending 242% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.6m to $1.2m (-21%), an average of -5.7% a year. The sharpest change came in the year to June 2020, when income rose by 177%. Over the whole period it spent 148% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Boles Childrens Home Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include Teamsters Assistance Programs Inc ($1.2m), Charlestown Economic Development Corp ($1.2m) and Union Retirement Association ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% and program service revenue 3.5% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $12.3m against liabilities of $1.9m, net assets of $10.3m. It reported 51 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.