Boscobel Heights Development Company Inc

Analysis

Boscobel Heights Development Company Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Boscobel Heights Development Company Inc reported income of $952k and spending of $2.0m, spending 210% of what it took in. Over the whole period it spent 205% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Boscobel Heights Development Company Inc 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 79th percentile, and in the 80th percentile within TN. Charities of a similar size with the same main cause include Pennsylvania State Association of County Fairs ($951k), Wecode KC ($952k) and Tri Cities Diversity & Inclusion Council ($951k).

At year end it held assets of $26.5m against liabilities of $27.6m, net assets of -$1.1m.

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.