Borderless Magazine NFP

Analysis

Borderless Magazine NFP is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Borderless Magazine NFP reported income of $499k and spending of $474k, spending 95% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $276k to $499k (+80%), an average of +34% a year. The sharpest change came in the year to December 2022, when income rose by 74%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Borderless Magazine NFP sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within IL. Charities of a similar size with the same main cause include Bighorn Basin Paleontological Institute ($499k), Christian Youth Theater Portland Vancouver ($499k) and Community Music School of Buffalo ($499k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $84k (18% of expenses). Other salaries and wages came to $218k. At year end it held assets of $227k against liabilities of $2,775, net assets of $224k. It reported 9 employees.