Massachusetts Taxpayers Foundation Inc

Analysis

Massachusetts Taxpayers Foundation Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in August 1982, 44 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 December 2023, Massachusetts Taxpayers Foundation Inc reported income of $1.6m and spending of $1.4m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.6m (+6.6%), an average of +1.6% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Massachusetts Taxpayers Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MA. Charities of a similar size with the same main cause include Southwestern Texas Synod Outdoor an D Retreat Ministries Inc Dba Cross ($1.6m), Old Colony Montessori School Inc ($1.6m) and Pp&l Sustainable Energy Fund Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $512k (36% of expenses). Other salaries and wages came to $444k. At year end it held assets of $3.3m against liabilities of $47k, net assets of $3.2m. It reported 9 employees.