The Boaz House

Analysis

The Boaz House is a registered charity in United States, based in Brookshire, TX. It received its IRS tax-exemption ruling in March 2021, 5 years ago. 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, The Boaz House reported income of $323k and spending of $265k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $220k to $323k (+47%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Boaz House sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include Booth Manor Inc ($323k), Council Bluffs RHF Housing Inc ($323k) and Culver Palms Meals on Wheels ($323k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 8.7% of the total. Compensation of current officers, directors and key employees was $57k (21% of expenses). At year end it held assets of $101k against liabilities of $0, net assets of $101k.