Bold Education Fund Inc

Analysis

Bold Education Fund Inc is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in December 2023, 3 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Bold Education Fund Inc reported income of $1.6m and spending of $1.2m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $228k to $1.6m (+594%), an average of +62% a year. The sharpest change came in the year to December 2021, when income rose by 477%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Bold Education Fund 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 84th percentile, and in the 84th percentile within NE. Charities of a similar size with the same main cause include Village Alliance District Management Association Inc ($1.6m), We Are Alx Inc ($1.6m) and Saranac Lake Civic Center Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $124k (10% of expenses). At year end it held assets of $580k against liabilities of $27k, net assets of $553k.