College Bound Opportunities

Analysis

College Bound Opportunities is a registered charity in United States, based in Highland Park, IL. It received its IRS tax-exemption ruling in May 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, College Bound Opportunities reported income of $1.0m and spending of $1.1m, spending 113% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.0m to $1.0m (-0.7%), an average of -0.2% a year. Over the whole period it spent 114% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, College Bound Opportunities sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within IL. Charities of a similar size with the same main cause include North Texas Junior Golf & Education Foundation ($1.0m), Mountain School at Winhall Inc ($1.0m) and Oregon & SW Washington Painters Apprenticeship Jatc Trust ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% of the total. Other salaries and wages came to $522k. At year end it held assets of $1.6m against liabilities of $2.2m, net assets of -$522k. It reported 9 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.