Outward Bound Inc

Analysis

Outward Bound Inc is a registered charity in United States, based in Boulder, CO. It received its IRS tax-exemption ruling in October 1964, 62 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Outward Bound Inc reported income of $3.5m and spending of $4.5m, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.8m to $3.5m (-26%), an average of -7.3% a year. The sharpest change came in the year to December 2023, when income dropped by 54%. Over the whole period it spent 83% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Outward Bound Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CO. Charities of a similar size with the same main cause include Sonoma Ecology Center ($3.5m), Artist Boat Inc ($3.5m) and Revision International ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $925k (21% of expenses). Other salaries and wages came to $838k. At year end it held assets of $12.8m against liabilities of $1.1m, net assets of $11.7m. It reported 21 employees.