Boundless Expectations Inc

Analysis

Boundless Expectations Inc is a registered charity in United States, based in Leonardtown, MD. It received its IRS tax-exemption ruling in January 2016, 10 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 December 2023, Boundless Expectations Inc reported income of $397k and spending of $401k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $220k to $397k (+80%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 34%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Boundless Expectations Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within MD. Charities of a similar size with the same main cause include Operation Northstate Inc ($397k), Community Restoration Coalition ($397k) and Vermilion Parish Council on Aging ($397k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.9% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $45k (11% of expenses). At year end it held assets of $9,215 against liabilities of $12k, net assets of -$3,194.