Benevolent House Child Placing Agency

Analysis

Benevolent House Child Placing Agency is a registered charity in United States, based in Red Oak, TX. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Benevolent House Child Placing Agency reported income of $1.1m and spending of $1.1m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $1.1m (-7.7%), an average of -2.0% a year. The sharpest change came in the year to December 2020, when income rose by 16%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Benevolent House Child Placing Agency sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Childrens Advocacy Alliance ($1.1m), Adult Day Center of Somerset County Inc ($1.1m) and Arizona Voice for Crime Victims Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $243k (22% of expenses). Other salaries and wages came to $101k. At year end it held assets of $1.5m against liabilities of $1.3m, net assets of $189k. It reported 6 employees.