Boundless Expectations Inc
EIN: 475401704 · Leonardtown, MD · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $460K |
| Total Expenses | $401K |
| Net Assets | $-3,194 |
Is Boundless Expectations Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Boundless Expectations Inc
Boundless Expectations Inc (EIN: 475401704) is a nonprofit organization based in Leonardtown, MD, classified under NTEE code P20. The organization reported total revenue of $460K and total assets of $5K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Boundless Expectations Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Boundless Expectations Inc is a small nonprofit that has been operating for 10 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 33.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $397K |
| Total Expenses | $401K |
| Surplus / Deficit | $-4,063 |
| Total Assets | $9K |
| Total Liabilities | $12K |
| Net Assets | $-3,194 |
| Operating Margin | -1.0% |
| Debt-to-Asset Ratio | 134.7% |
| Months of Reserves | 0.3 months |
Financial Health Grade: D
In 2023, Boundless Expectations Inc reported a deficit of $4K with expenses exceeding revenue, holds 0.3 months of operating reserves (limited), has a debt-to-asset ratio of 134.7% (high leverage).
Financial Trends
Over 8 years of filings (2016–2023), Boundless Expectations Inc's revenue has grown at a compound annual growth rate (CAGR) of 33.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +31.8% | +26.9% | -30.9% |
| 2022 | -0.5% | +8.7% | -49.7% |
| 2021 | +2.3% | -1.6% | +105.4% |
| 2020 | +34.5% | +22.9% | +24.8% |
| 2019 | +18.3% | +47.9% | -62.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Boundless Expectations Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Boundless Expectations Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4K, with expenses exceeding revenue.
- Debt-to-asset ratio: 134.7%.
Frequently Asked Questions about Boundless Expectations Inc
Is Boundless Expectations Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Boundless Expectations Inc (EIN: 475401704) insufficient data. 0 red flags identified, 0 strengths noted.
How does Boundless Expectations Inc spend its money?
Detailed spending breakdown data is not yet available for Boundless Expectations Inc. Check back for updated IRS 990 analysis.
Are donations to Boundless Expectations Inc tax-deductible?
Boundless Expectations Inc is registered as a tax-exempt nonprofit (EIN: 475401704). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Boundless Expectations Inc located?
Boundless Expectations Inc is headquartered in Leonardtown, Maryland and files with the IRS under EIN 475401704. It is classified under NTEE code P20.
How many years of IRS 990 filings does Boundless Expectations Inc have?
Boundless Expectations Inc has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $460K in total revenue.
Filing History
IRS 990 filing history for Boundless Expectations Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Boundless Expectations Inc's revenue has grown by 672.8%, moving from $51K to $397K. Total assets increased by 164.2% over the same period, from $3K to $9K. Total functional expenses rose by 694.7%, from $50K to $401K. In its most recent filing year (2023), Boundless Expectations Inc reported a deficit of $4K, with expenses exceeding revenue. The organization holds $12K in liabilities against $9K in assets (debt-to-asset ratio: 134.7%), resulting in net assets of $-3,194.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $397K | $401K | $9K | $12K | — | View 990 |
| 2022 | $301K | $316K | $13K | $12K | — | View 990 |
| 2021 | $303K | $291K | $26K | $11K | — | View 990 |
| 2020 | $296K | $295K | $13K | $11K | — | — |
| 2019 | $220K | $240K | $10K | $5K | — | View 990 |
| 2018 | $186K | $163K | $28K | $536 | — | View 990 |
| 2017 | $90K | $90K | $3K | $0 | — | View 990 |
| 2016 | $51K | $50K | $3K | $65 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $397K, expenses of $401K, and assets of $9K (revenue +31.8% year-over-year).
- 2022: Revenue of $301K, expenses of $316K, and assets of $13K (revenue -0.5% year-over-year).
- 2021: Revenue of $303K, expenses of $291K, and assets of $26K (revenue +2.3% year-over-year).
- 2020: Revenue of $296K, expenses of $295K, and assets of $13K (revenue +34.5% year-over-year).
- 2019: Revenue of $220K, expenses of $240K, and assets of $10K (revenue +18.3% year-over-year).
- 2018: Revenue of $186K, expenses of $163K, and assets of $28K (revenue +106.5% year-over-year).
- 2017: Revenue of $90K, expenses of $90K, and assets of $3K (revenue +75.3% year-over-year).
- 2016: Revenue of $51K, expenses of $50K, and assets of $3K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Boundless Expectations Inc:
Data Sources and Methodology
This transparency report for Boundless Expectations Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.