Heart of Unlimited Boundaries

Analysis

Heart of Unlimited Boundaries is a registered charity in United States, based in Russells Point, OH. It received its IRS tax-exemption ruling in August 2017, 9 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, Heart of Unlimited Boundaries reported income of $85k and spending of $93k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $56k to $85k (+50%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 142%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Heart of Unlimited Boundaries sits at the 29th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 33rd percentile within OH. Charities of a similar size with the same main cause include Ivy Center of Huntsville Madison County Foundation Inc ($85k), Christian Love Pantry Inc ($85k) and Centro de Ensenanza Para LA Familia Inc ($85k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $40k (43% of expenses). Other salaries and wages came to $11k. At year end it held assets of $60k against liabilities of $1,149, net assets of $59k. It reported 3 employees.