Boll Weevils Charity Foundation

Analysis

Boll Weevils Charity Foundation is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 August 2023, Boll Weevils Charity Foundation reported income of $58k and spending of $59k, spending 100% of its income. Across the 2 years on record, from August 2022 to August 2023, income fell from $63k to $58k (-7.1%), an average of -7.1% a year. Over the whole period it spent 132% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Boll Weevils Charity Foundation sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 21st percentile within TN. Charities of a similar size with the same main cause include Keizer Rotary Foundation Inc ($58k), St Francis Academy Alumnae Association ($58k) and Something Positive Inc ($58k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 128% of the total. At year end it held assets of $185k against liabilities of $0, net assets of $185k.