Boundless Strategic Resources Inc

Analysis

Boundless Strategic Resources Inc is a registered charity in United States, based in Worthington, OH. It received its IRS tax-exemption ruling in December 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Boundless Strategic Resources Inc reported income of $18.5m and spending of $19.6m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $14.0m to $18.5m (+33%), an average of +7.3% a year. The sharpest change came in the year to December 2023, when income rose by 676%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Boundless Strategic Resources 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 97th percentile, and in the 97th percentile within OH. Charities of a similar size with the same main cause include Tilton School ($18.5m), Arkansas Public School Resource Center Inc ($18.6m) and Windsor Charter Academy ($18.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.9% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $1.5m (7.6% of expenses). Other salaries and wages came to $5.4m. At year end it held assets of $16.8m against liabilities of $20.4m, net assets of -$3.6m. It reported 159 employees.

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.