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

$28.8MRevenue
$28.8MGross Revenue
$21.0MAssets
60/100Mission Score (Good)
B28

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Boundless Strategic Resources Inc Financial Summary
MetricValue
Total Revenue$28.8M
Total Expenses$19.6M
Program Spending70%
Net Assets$-3,595,680
Transparency Score60/100

Search Intent Cockpit

Boundless Strategic Resources Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Boundless Strategic Resources Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Boundless Strategic Resources Inc in one place.

Form 990 Filing Summary

14 filing years are available, with latest revenue of $18.5M and expenses of $19.6M.

Revenue and Expenses

Boundless Strategic Resources Inc reported $18.5M in revenue and $19.6M in expenses, a deficit of $1.1M.

Executive Compensation

Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.

Charity Score and Red Flags

60/100 mission score, 4 red flags, and 3 strengths are shown from structured and AI review.

Is Boundless Strategic Resources Inc Legit?

Some Concerns

GoodFiling Consistency
GoodSpending Efficiency
GoodTransparency
4 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

PendingDonor/Grant Funding
70%Program Expense
$0Grants Paid
14Stored Filing Years

Revenue Source Mix

Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.

Expense Deployment

Boundless Strategic Resources Inc Expense Deployment
Program services$13.8M (70%)

Across stored filings, Boundless Strategic Resources Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Boundless Strategic Resources Inc Donor Decision Matrix
Decision LensSignalWhat to Inspect Next
LegitimacySome ConcernsGood filing record; 4 red flags identified
Mission spend70% to programsGood
Financial durabilityGrade C14 stored filing years
Peer contextCompare with Alliance Of Independent Academic Medical CentersOhio and Education context

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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.

Organization Overview

24Years Operating
LargeSize Classification
14Years of Filings
MixedRevenue Trajectory

Boundless Strategic Resources Inc is a large nonprofit that has been operating for 24 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.5%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Total Revenue$18.5M
Total Expenses$19.6M
Surplus / Deficit$-1,101,535
Total Assets$16.8M
Total Liabilities$20.4M
Net Assets$-3,595,680
Operating Margin-5.9%
Debt-to-Asset Ratio121.4%
Months of Reserves10.3 months

Financial Health Grade: C

In 2023, Boundless Strategic Resources Inc reported a deficit of $1.1M with expenses exceeding revenue, holds 10.3 months of operating reserves (strong position), has a debt-to-asset ratio of 121.4% (high leverage).

Financial Trends

Over 14 years of filings (2011–2023), Boundless Strategic Resources Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.5%.

YearRevenue ChangeExpense ChangeAsset Change
2023+676.3%+172.2%+6.1%
2022-87.7%-65.4%+49.3%
2021+29.3%+41.4%+5.8%
2020+7.6%+19.3%+3.3%
2019+34.1%+19.0%+31.8%

IRS Tax-Exempt Classification

IRS Classification Codes2000
IRS Ruling Date2002

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Boundless Strategic Resources Inc. exhibits a fluctuating financial performance over the past several years. While the organization reported significant revenue of $28,817,029 in its latest filing, its expenses have often exceeded revenue, as seen in 2023 ($19,644,316 expenses vs. $18,542,781 revenue) and 2022 ($7,217,558 expenses vs. $2,388,624 revenue). This consistent deficit spending raises concerns about long-term financial sustainability, especially given the substantial liabilities reported in recent years, such as $20,400,469 in 2023. The organization's assets have grown, reaching $21,029,640, but this growth is often outpaced by liabilities. The lack of reported officer compensation across all filings suggests either a volunteer-led executive team or that compensation is reported under other expense categories, which could impact transparency regarding leadership costs. The NTEE code B28 indicates a focus on 'Developmental Disabilities, N.E.C.', suggesting a clear program area. However, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess spending efficiency. The significant swings in revenue and expenses year-over-year, such as the jump from $2,388,624 in revenue in 2022 to $18,542,781 in 2023, warrant further investigation to understand the underlying operational changes or funding sources.

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.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

$18.5MTotal Revenue
$19.6MTotal Expenses
$16.8MTotal Assets
$20.4MTotal Liabilities
$-3,595,680Net Assets
  • The organization reported a deficit of $1.1M, with expenses exceeding revenue.
  • Debt-to-asset ratio: 121.4%.

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?

Boundless Strategic Resources Inc (EIN: 10684796) is a registered tax-exempt nonprofit based in Ohio. Our AI analysis gives it a Mission Score of 60/100. It has 14 years of IRS 990 filings on record. Total revenue: $28.8M. 4 red flags identified. 3 strengths noted. Financial health grade: C.

How does Boundless Strategic Resources Inc spend its money?

Boundless Strategic Resources Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.

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.

What percentage of Boundless Strategic Resources Inc's spending goes to programs?

Boundless Strategic Resources Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.

How does Boundless Strategic Resources Inc compare to similar nonprofits?

With a transparency score of 60/100 (Good), Boundless Strategic Resources Inc is above average for NTEE category B28 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.

Where is Boundless Strategic Resources Inc located?

Boundless Strategic Resources Inc is headquartered in Worthington, Ohio and files with the IRS under EIN 10684796. It is classified under NTEE code B28.

How many years of IRS 990 filings does Boundless Strategic Resources Inc have?

Boundless Strategic Resources Inc has 14 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 $28.8M in total revenue.

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.

YearRevenueExpensesAssetsLiabilitiesOfficer Comp. %PDF
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.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Boundless Strategic Resources Inc:

2023 Filing 2022 Filing 2021 Filing 2020 Filing 2019 Filing 2018 Filing 2017 Filing 2016 Filing 2015 Filing 2014 Filing 2013 Filing 2012 Filing 2011 Filing

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.

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