Unbound
Unbound experiences slight deficit in latest fiscal year after period of growth, maintains zero officer compensation.
EIN: 10913590 · Columbia, SC · Updated: 2026-03-27
| Metric | Value |
|---|---|
| Total Revenue | $32K |
| Total Expenses | $104K |
| Program Spending | 80% |
| Net Assets | $5K |
| Transparency Score | 85/100 |
Is Unbound Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Unbound directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Unbound
Unbound (EIN: 10913590) is a nonprofit organization based in Columbia, SC. The organization reported total revenue of $32K and total assets of $7K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Unbound's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Unbound is a micro nonprofit that has been operating for 16 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 16.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $102K |
| Total Expenses | $104K |
| Surplus / Deficit | $-1,727 |
| Total Assets | $5K |
| Net Assets | $5K |
| Operating Margin | -1.7% |
| Months of Reserves | 0.6 months |
Financial Health Grade: C
In 2023, Unbound reported a deficit of $2K with expenses exceeding revenue, holds 0.6 months of operating reserves (limited).
Financial Trends
Over 2 years of filings (2022–2023), Unbound's revenue has grown at a compound annual growth rate (CAGR) of 16.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.8% | +25.4% | -25.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Unbound with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Unbound allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% in both available filings, indicating that leadership is either entirely volunteer-based or compensated through other means not reported as officer compensation, which is highly efficient for an organization of this size.
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 Unbound's IRS 990 filings:
- Slight deficit in latest fiscal period (202312) where expenses ($103,792) exceeded revenue ($102,065).
- Decrease in assets from $6,668 in 2022 to $4,941 in 2023.
Strengths
The following positive indicators were identified for Unbound:
- Consistent reporting of 0% officer compensation, indicating high efficiency in leadership costs.
- No reported liabilities in either filing period, suggesting a healthy balance sheet free of debt.
- Growth in revenue from $87,386 in 2022 to $102,065 in 2023, indicating increasing support or activity.
- Regular and timely filing of IRS Form 990s, demonstrating transparency.
Frequently Asked Questions about Unbound
Is Unbound a legitimate charity?
Based on AI analysis of IRS 990 filings, Unbound (EIN: 10913590) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Unbound spend its money?
Unbound directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Unbound tax-deductible?
Unbound is registered as a tax-exempt nonprofit (EIN: 10913590). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Unbound's spending goes to programs?
Unbound directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Unbound located?
Unbound is headquartered in Columbia, South Carolina and files with the IRS under EIN 10913590.
How many years of IRS 990 filings does Unbound have?
Unbound has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $32K in total revenue.
Is Unbound a good charity?
Based on the available IRS 990 data, Unbound appears to be a good charity, especially given its zero officer compensation and consistent filing of financial reports. Its small size means financial fluctuations are more pronounced, but the lack of liabilities is a strong positive.
How has Unbound's financial health changed over the past two years?
Unbound's revenue grew from $87,386 in 2022 to $102,065 in 2023. While expenses also increased, leading to a slight deficit in 2023, the overall trend shows growth in activity. Assets decreased from $6,668 to $4,941, which warrants attention.
What is the significance of 0% officer compensation?
0% officer compensation is highly significant for a nonprofit, especially a small one. It suggests that the organization's leadership is either entirely volunteer, or compensated through non-officer roles, which maximizes funds available for programs and minimizes administrative overhead.
Filing History
IRS 990 filing history for Unbound showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Unbound's revenue has grown by 16.8%, moving from $87K to $102K. Total assets decreased by 25.9% over the same period, from $7K to $5K. Total functional expenses rose by 25.4%, from $83K to $104K. In its most recent filing year (2023), Unbound reported a deficit of $2K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $102K | $104K | $5K | $0 | — | View 990 |
| 2022 | $87K | $83K | $7K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Unbound:
Data Sources and Methodology
This transparency report for Unbound 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.