Boyce Property Assistance Inc

Analysis

Boyce Property Assistance Inc is a registered charity in United States, based in Boyce, LA. It received its IRS tax-exemption ruling in October 2003, 23 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Boyce Property Assistance Inc reported income of $139k and spending of $162k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $125k to $139k (+11%), an average of +2.6% a year. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Boyce Property Assistance Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 44th percentile within LA. Charities of a similar size with the same main cause include Weaver Community Housing Association ($139k), Doors 2 Success ($139k) and Ken-Crest Housing Pa 99 Inc ($139k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $701k against liabilities of $18k, net assets of $682k.

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.