Bootstraps Inc

Analysis

Bootstraps Inc is a registered charity in United States, based in Conifer, CO. It received its IRS tax-exemption ruling in March 1980, 46 years ago. 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, Bootstraps Inc reported income of $376k and spending of $376k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $290k to $376k (+30%), an average of +6.7% a year. The sharpest change came in the year to December 2021, when income rose by 356%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bootstraps Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 63rd percentile within CO. Charities of a similar size with the same main cause include Congregation Roeh Israel ($376k), Tennessee Quality Award Inc ($376k) and Shoals Entrepreneurial Center Inc ($376k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $57k (15% of expenses). Other salaries and wages came to $20k. At year end it held assets of $1.9m against liabilities of $195k, net assets of $1.7m. It reported 2 employees.