College Unbound

Analysis

College Unbound is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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 June 2023, College Unbound reported income of $7.7m and spending of $6.8m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $865k to $7.7m (+787%), an average of +73% a year. The sharpest change came in the year to June 2020, when income rose by 200%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, College Unbound sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within RI. Charities of a similar size with the same main cause include LT Joseph P Kennedy Institute ($7.7m), Gladwyne Montessori School ($7.7m) and United Ukrainian American Relief Committee ($7.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $524k (7.7% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $2.3m against liabilities of $499k, net assets of $1.8m. It reported 231 employees.