Boundless Strategic Resources Inc
Boundless Strategic Resources Inc. shows volatile financial performance with recent deficit spending and high liabilities.
EIN: 10684796 · Worthington, OH · NTEE: B28 · Updated: 2026-03-27
Is Boundless Strategic Resources Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Boundless Strategic Resources Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Boundless Strategic Resources Inc
Boundless Strategic Resources Inc (EIN: 10684796) is a nonprofit organization based in Worthington, OH, classified under NTEE code B28. The organization reported total revenue of $28.8M and total assets of $21.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Boundless Strategic Resources Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Boundless Strategic Resources Inc with a Mission Score of 60 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Boundless Strategic Resources Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size with revenues reaching tens of millions, suggesting either a fully volunteer executive leadership or that compensation is categorized differently.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Boundless Strategic Resources Inc's IRS 990 filings:
- Consistent deficit spending in multiple years (e.g., 2023, 2022, 2021, 2016, 2015).
- High liabilities relative to assets, particularly in 2023 ($20,400,469 liabilities vs. $16,804,789 assets).
- Significant year-over-year volatility in revenue and expenses without clear explanation.
- 0% reported officer compensation for an organization with multi-million dollar revenues, potentially obscuring leadership costs.
Strengths
The following positive indicators were identified for Boundless Strategic Resources Inc:
- Significant growth in total assets over the past decade, from $5.8M in 2016 to $21M currently.
- Substantial revenue generation, reaching $28.8M in the latest period.
- Clear NTEE code (B28) indicating a focused mission area in developmental disabilities.
Frequently Asked Questions about Boundless Strategic Resources Inc
Is Boundless Strategic Resources Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Boundless Strategic Resources Inc (EIN: 10684796) some concerns. Mission Score: 60/100. 4 red flags identified, 3 strengths noted.
How does Boundless Strategic Resources Inc spend its money?
Boundless Strategic Resources Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Boundless Strategic Resources Inc tax-deductible?
Boundless Strategic Resources Inc is registered as a tax-exempt nonprofit (EIN: 10684796). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why does Boundless Strategic Resources Inc. consistently report 0% officer compensation despite its significant revenue and asset base?
The consistent reporting of 0% officer compensation across all filings is unusual for an organization of this scale. It could indicate that executive leadership is entirely volunteer-based, or that compensation is reported under other expense lines, which would reduce transparency regarding leadership costs.
What caused the significant fluctuations in revenue and expenses, particularly the jump from $2.3M revenue in 2022 to $18.5M in 2023?
The dramatic year-over-year changes in revenue and expenses suggest significant operational shifts, changes in funding streams, or potentially one-time events. Further investigation into the nature of these revenue sources and expense categories would be necessary to understand the underlying causes.
How does the organization plan to address its high liabilities, which exceeded assets in 2023 ($20.4M liabilities vs. $16.8M assets)?
The organization's liabilities have frequently exceeded its assets, notably in 2023. This indicates a potential solvency risk and raises questions about its long-term financial stability and how it plans to manage or reduce these obligations.
Filing History
IRS 990 filing history for Boundless Strategic Resources Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Boundless Strategic Resources Inc's revenue has grown by 70.5%, moving from $10.9M to $18.5M. Total assets increased by 336.6% over the same period, from $3.8M to $16.8M. Total functional expenses rose by 103.4%, from $9.7M to $19.6M. In its most recent filing year (2023), Boundless Strategic Resources Inc reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $20.4M in liabilities against $16.8M in assets (debt-to-asset ratio: 121.4%), resulting in net assets of $-3,595,680.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $18.5M | $19.6M | $16.8M | $20.4M | — | — |
| 2022 | $2.4M | $7.2M | $15.8M | $18.3M | — | View 990 |
| 2021 | $19.5M | $20.8M | $10.6M | $7.7M | — | View 990 |
| 2020 | $15.0M | $14.7M | $10.0M | $5.9M | — | — |
| 2019 | $14.0M | $12.4M | $9.7M | $5.7M | — | View 990 |
| 2018 | $10.4M | $10.4M | $7.4M | $5.4M | — | View 990 |
| 2017 | $6.6M | $5.4M | $7.8M | $6.0M | — | View 990 |
| 2017 | $10.4M | $10.4M | $7.0M | $5.8M | — | View 990 |
| 2016 | $11.1M | $12.8M | $5.8M | $5.1M | — | View 990 |
| 2015 | $11.4M | $12.3M | $6.8M | $4.3M | — | View 990 |
| 2014 | $10.7M | $10.9M | $7.7M | $5.0M | — | View 990 |
| 2013 | $11.7M | $11.2M | $4.9M | $2.8M | — | View 990 |
| 2012 | $10.4M | $9.8M | $4.6M | $3.0M | — | View 990 |
| 2011 | $10.9M | $9.7M | $3.8M | $2.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $18.5M, expenses of $19.6M, and assets of $16.8M (revenue +676.3% year-over-year).
- 2022: Revenue of $2.4M, expenses of $7.2M, and assets of $15.8M (revenue -87.7% year-over-year).
- 2021: Revenue of $19.5M, expenses of $20.8M, and assets of $10.6M (revenue +29.3% year-over-year).
- 2020: Revenue of $15.0M, expenses of $14.7M, and assets of $10.0M (revenue +7.6% year-over-year).
- 2019: Revenue of $14.0M, expenses of $12.4M, and assets of $9.7M (revenue +34.1% year-over-year).
- 2018: Revenue of $10.4M, expenses of $10.4M, and assets of $7.4M (revenue +58.4% year-over-year).
- 2017: Revenue of $6.6M, expenses of $5.4M, and assets of $7.8M (revenue -36.4% year-over-year).
- 2017: Revenue of $10.4M, expenses of $10.4M, and assets of $7.0M (revenue -6.9% year-over-year).
- 2016: Revenue of $11.1M, expenses of $12.8M, and assets of $5.8M (revenue -2.2% year-over-year).
- 2015: Revenue of $11.4M, expenses of $12.3M, and assets of $6.8M (revenue +6.3% year-over-year).
- 2014: Revenue of $10.7M, expenses of $10.9M, and assets of $7.7M (revenue -8.7% year-over-year).
- 2013: Revenue of $11.7M, expenses of $11.2M, and assets of $4.9M (revenue +12.4% year-over-year).
- 2012: Revenue of $10.4M, expenses of $9.8M, and assets of $4.6M (revenue -4.1% year-over-year).
- 2011: Revenue of $10.9M, expenses of $9.7M, and assets of $3.8M.
Data Sources and Methodology
This transparency report for Boundless Strategic Resources 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.