The Boma Project Inc

Analysis

The Boma Project Inc is a registered charity in United States, based in Manchestr Ctr, VT. It received its IRS tax-exemption ruling in January 2006, 20 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, The Boma Project Inc reported income of $12.2m and spending of $13.8m, spending 114% of what it took in. Across the 6 years on record, from September 2019 to December 2023, income grew from $3.9m to $12.2m (+213%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 768%. Over the whole period it spent 84% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, The Boma Project Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within VT. Charities of a similar size with the same main cause include Friends of Israel Scouts Inc ($12.1m), Association for Womens Rights in Development ($12.2m) and Sofi Tucker Foundation ($12.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $361k (2.6% of expenses). Other salaries and wages came to $982k. At year end it held assets of $9.1m against liabilities of $190k, net assets of $8.9m. It reported 12 employees.