The Boundless Foundation Inc

Analysis

The Boundless Foundation Inc is a registered charity in United States, based in Worthington, OH. It received its IRS tax-exemption ruling in May 1984, 42 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, The Boundless Foundation Inc reported income of $1.8m and spending of $2.5m, spending 140% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $933k to $1.8m (+92%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 67%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Boundless Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within OH. Charities of a similar size with the same main cause include The Clothes Less Traveled Thrift Shop Inc ($1.8m), Disability Network Capital Area ($1.8m) and South Kitsap Helpline ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 68% of the total. Other salaries and wages came to $257k. At year end it held assets of $17.5m against liabilities of $3.9m, net assets of $13.6m.