Boardassist

Analysis

Boardassist is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2005, 21 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Boardassist reported income of $424k and spending of $506k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $231k to $424k (+84%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 107%. Over the whole period it spent 104% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Boardassist sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Friends of Grace Church School Brooklyn Heights Inc ($424k), Scott Carter Foundation ($424k) and Avas Heart ($424k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $375k (74% of expenses). At year end it held assets of $425k against liabilities of $26k, net assets of $399k. It reported 1 employees.