Boundless Literacy Inc

Analysis

Boundless Literacy Inc is a registered charity in United States, based in Hamden, CT. It received its IRS tax-exemption ruling in April 2022, 4 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 Literacy Inc reported income of $457k and spending of $449k, spending 98% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $145k to $457k (+216%), an average of +78% a year. The sharpest change came in the year to June 2024, when income rose by 141%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Boundless Literacy Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 66th percentile within CT. Charities of a similar size with the same main cause include Eastminster Preschool Inc ($457k), Cuyahoga Valley Christian Academy Endowment Fund ($457k) and New Jersey Association of Student Councils ($457k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $70k (16% of expenses). Other salaries and wages came to $318k. At year end it held assets of $137k against liabilities of $25k, net assets of $112k. It reported 4 employees.