Unbounded Learning Inc

Analysis

Unbounded Learning Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Unbounded Learning Inc reported income of $26.6m and spending of $27.7m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.9m to $26.6m (+125%), an average of +22% a year. The sharpest change came in the year to June 2022, when income rose by 195%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Unbounded Learning Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Agnes Irwin School ($26.6m), James Island Charter High School ($26.7m) and Connecting Waters Charter Schools ($26.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $1.1m (4.1% of expenses). Other salaries and wages came to $9.2m. At year end it held assets of $25.0m against liabilities of $5.3m, net assets of $19.7m. It reported 62 employees.