Bold Idea Inc

Analysis

Bold Idea Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Bold Idea Inc reported income of $424k and spending of $433k, spending 102% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $325k to $424k (+30%), an average of +30% a year. The sharpest change came in the year to June 2023, when income rose by 30%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bold Idea Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include Hope for the Community ($424k), Lighthouse DC ($424k) and Center for Jewish Food Ethics ($424k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $75k (17% of expenses). Other salaries and wages came to $162k. At year end it held assets of $271k against liabilities of $44k, net assets of $227k. It reported 5 employees.