Boreholes Inc

Analysis

Boreholes Inc is a registered charity in United States, based in Ellenwood, GA. It received its IRS tax-exemption ruling in July 1999, 27 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, Boreholes Inc reported income of $123k and spending of $94k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $127k to $123k (-2.7%), an average of -2.7% a year. Over the whole period it spent 75% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Boreholes Inc 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 42nd percentile, and in the 45th percentile within GA. Charities of a similar size with the same main cause include Native Plant Salvage Foundation ($123k), Friends of Columbus and Franklin County Metro Parks ($123k) and Urban Tree Foundation ($123k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $63k against liabilities of $0, net assets of $63k.