Boon Project

Analysis

Boon Project is a registered charity in United States, based in Summerville, SC. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2024, Boon Project reported income of $75k and spending of $50k, leaving 34% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $60k to $75k (+24%), an average of +24% a year. The sharpest change came in the year to June 2024, when income rose by 24%. Over the whole period it spent 70% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Boon Project sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 36th percentile within SC. Charities of a similar size with the same main cause include Hickory Nut Gorge Foundation ($75k), McDougal Foundation Inc ($75k) and Little Fox - Tobys Foundation ($75k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 93% of the total. At year end it held assets of $122k against liabilities of $0, net assets of $122k.