Boulder Institute of Microfinance

Analysis

Boulder Institute of Microfinance is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in April 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Boulder Institute of Microfinance reported income of $103k and spending of $353k, spending 341% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.2m to $103k (-95%), an average of -53% a year. The sharpest change came in the year to December 2021, when income rose by 928%. Over the whole period it spent 152% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Boulder Institute of Microfinance sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within NY. Charities of a similar size with the same main cause include Lake Roosevelt Forum ($103k), Inspired by Science ($103k) and Parent Teacher Club Fugman Elementary ($103k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $129k (36% of expenses). Other salaries and wages came to $40k. At year end it held assets of $780k against liabilities of $77k, net assets of $703k. It reported 3 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.