Bound Together

Analysis

Bound Together is a registered charity in United States, based in Pontiac, MI. It received its IRS tax-exemption ruling in September 2022, 4 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 December 2023, Bound Together reported income of $106k and spending of $103k, spending 97% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $101k to $106k (+4.8%), an average of +2.4% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bound Together sits at the 41st 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 38th percentile within MI. Charities of a similar size with the same main cause include Houston High School Cheerboosters ($106k), Torrance High School Band Boosters ($106k) and Helen Modrzejewska Polish School of Orange County ($106k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $105k against liabilities of $1,444, net assets of $103k.