Boxes of Love for the Homeless

Analysis

Boxes of Love for the Homeless is a registered charity in United States, based in Candia, NH. It received its IRS tax-exemption ruling in January 2020, 6 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, Boxes of Love for the Homeless reported income of $303k and spending of $254k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $186k to $303k (+63%), an average of +62% a year. The sharpest change came in the year to December 2023, when income rose by 63%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Boxes of Love for the Homeless 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 62nd percentile, and in the 64th percentile within NH. Charities of a similar size with the same main cause include Pierce County Coalition for Developmental Disabilities ($303k), South Dakota Kids Belong Inc ($303k) and Angels Hands Foundation Inc ($303k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% of the total. Compensation of current officers, directors and key employees was $78k (31% of expenses). Other salaries and wages came to $50k. At year end it held assets of $161k against liabilities of $33k, net assets of $127k. It reported 5 employees.