Eagle Rock Boys Home

Analysis

Eagle Rock Boys Home is a registered charity in United States, based in Gadsden, AL. It received its IRS tax-exemption ruling in May 2019, 7 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Eagle Rock Boys Home reported income of $475k and spending of $477k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $180k to $475k (+164%), an average of +28% a year. The sharpest change came in the year to December 2020, when income rose by 130%. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Eagle Rock Boys Home sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 72nd percentile within AL. Charities of a similar size with the same main cause include Hearts and Hammers Twin Cities ($475k), Pinehurst Retirement Housing Inc ($475k) and Mountain Living Community Inc ($475k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $68k (14% of expenses). Other salaries and wages came to $248k. At year end it held assets of $188k against liabilities of $0, net assets of $188k. It reported 11 employees.