Boulanger Initiative

Analysis

Boulanger Initiative is a registered charity in United States, based in Takoma Park, MD. 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 June 2023, Boulanger Initiative reported income of $217k and spending of $208k, spending 96% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $181k to $217k (+20%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Boulanger Initiative sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within MD. Charities of a similar size with the same main cause include Ruhs CCT Boosters Inc ($217k), Laguna Beach Cultural Arts Center ($217k) and Genesius Corporation ($217k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $43k (21% of expenses). Other salaries and wages came to $19k. At year end it held assets of $47k against liabilities of $34k, net assets of $13k. It reported 3 employees.