Onboard Inc

Analysis

Onboard Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Onboard Inc reported income of $753k and spending of $696k, spending 92% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $212k to $753k (+254%), an average of +52% a year. The sharpest change came in the year to December 2022, when income rose by 75%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Onboard Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 79th percentile within GA. Charities of a similar size with the same main cause include Young Mens Christian Assoc of Richmond Indiana ($753k), Children & Youth Partnership for Dare County ($753k) and Evangel Home Inc ($753k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $200k (29% of expenses). At year end it held assets of $470k against liabilities of $143k, net assets of $327k.