Bound for College Inc

Analysis

Bound for College Inc is a registered charity in United States, based in Delray Beach, FL. It received its IRS tax-exemption ruling in February 2014, 12 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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 for College Inc reported income of $445k and spending of $352k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $328k to $445k (+36%), an average of +7.9% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 78% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Bound for College Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 71st percentile within FL. Charities of a similar size with the same main cause include Cedar Creek Lake Friends of the Animals Inc ($445k), Kenosha County Humane Society ($445k) and Labrador Rescuers ($445k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $40k (11% of expenses). Other salaries and wages came to $5,938. At year end it held assets of $483k against liabilities of $0, net assets of $483k. It reported 1 employees.