Bomh Inc

Analysis

Bomh Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in March 1998, 28 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bomh Inc reported income of $1.6m and spending of $2.1m, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.6m (+25%), an average of +5.8% a year. Over the whole period it spent 124% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bomh Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Matthew Senior Housing Corporation ($1.6m), Neighborhood Housing Services Oklahoma City Inc ($1.6m) and Fresh Start of Monroe Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 59% of the total. At year end it held assets of $4.8m against liabilities of $3.4m, net assets of $1.4m.

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.