Bos Place

Analysis

Bos Place is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in May 1991, 35 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2024, Bos Place reported income of $2.0m and spending of $2.2m, spending 109% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.9m to $2.0m (+4.8%), an average of +1.2% a year. The sharpest change came in the year to June 2021, when income rose by 57%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bos Place sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Aurora Theatre Company ($2.0m), American Association of Woodturners ($2.0m) and Payomet Inc ($2.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $150k (6.9% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $5.7m against liabilities of $19k, net assets of $5.7m. It reported 26 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.