Boundless Israel Inc

Analysis

Boundless Israel Inc is a registered charity in United States, based in Belmont, MA. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Boundless Israel Inc reported income of $3.2m and spending of $1.8m, leaving 43% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $2.1m to $3.2m (+49%), an average of +22% a year. The sharpest change came in the year to June 2024, when income rose by 165%. Over the whole period it spent 56% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Boundless Israel Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MA. Charities of a similar size with the same main cause include Faith Christian Academy Inc ($3.2m), Dynamic Minds Academy Inc ($3.2m) and The Grady School ($3.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $589k (32% of expenses). At year end it held assets of $2.9m against liabilities of $60k, net assets of $2.9m. It reported 3 employees.