Bold Impact

Analysis

Bold Impact is a registered charity in United States, based in Woodbridge, VA. It received its IRS tax-exemption ruling in August 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, Bold Impact reported income of $303k and spending of $791k, spending 261% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $300k to $303k (+0.9%), an average of +0.3% a year. The sharpest change came in the year to December 2023, when income rose by 689%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bold Impact sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within VA. Charities of a similar size with the same main cause include Katharsis Media ($303k), Trial Lawyer Hall of Fame ($303k) and Natureworks Inc ($303k).

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 $219k (28% of expenses). At year end it held assets of $491k against liabilities of $49k, net assets of $442k. It reported 1 employees.