Talent Beyond Boundaries Inc

Analysis

Talent Beyond Boundaries Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in February 2023, 3 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Talent Beyond Boundaries Inc reported income of $1.0m and spending of $2.3m, spending 226% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $4.3m to $1.0m (-76%), an average of -76% a year. The sharpest change came in the year to December 2023, when income dropped by 76%. Over the whole period it spent 83% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Talent Beyond Boundaries Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 55th percentile within DC. Charities of a similar size with the same main cause include Alphamundi Foundation Inc ($1.0m), Tailored for Education Inc ($1.0m) and American Friends of Yad Leah Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $69k (2.9% of expenses). Other salaries and wages came to $568k. At year end it held assets of $1.3m against liabilities of $41k, net assets of $1.3m. It reported 8 employees.