The Elmore Bolling Initiative Inc

Analysis

The Elmore Bolling Initiative Inc is a registered charity in United States, based in Lowndesboro, AL. It received its IRS tax-exemption ruling in July 2009, 17 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Elmore Bolling Initiative Inc reported income of $201k and spending of $138k, leaving 31% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $213k to $201k (-5.6%), an average of -5.6% a year. Over the whole period it spent 82% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Elmore Bolling Initiative Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 55th percentile within AL. Charities of a similar size with the same main cause include Urban Oak Initiative Inc ($201k), Bettendorf Community Schools Foundation ($201k) and Very Asian Foundation ($201k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $23k (17% of expenses). At year end it held assets of $311k against liabilities of $0, net assets of $311k.