Boost Others Inc

Analysis

Boost Others Inc is a registered charity in United States, based in Vienna, VA. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Boost Others Inc reported income of $2.5m and spending of $2.8m, spending 112% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $1.5m to $2.5m (+70%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 82%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Boost Others Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within VA. Charities of a similar size with the same main cause include Interfaith Caring Ministries Inc ($2.5m), Interfaith Charities of South Lee Inc ($2.5m) and Special Recreation Services Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $107k. At year end it held assets of $2.0m against liabilities of $344k, net assets of $1.7m. It reported 4 employees.