Big Brothers Big Sisters of Massachusetts Bay Inc

Analysis

Big Brothers Big Sisters of Massachusetts Bay Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in December 1949, 77 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Big Brothers Big Sisters of Massachusetts Bay Inc reported income of $12.8m and spending of $7.5m, leaving 42% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.9m to $12.8m (+116%), an average of +21% a year. The sharpest change came in the year to June 2023, when income rose by 110%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Big Brothers Big Sisters of Massachusetts Bay Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include St Cloud Area Family YMCA ($12.8m), Prairie Five Community Action Council Inc ($12.8m) and Childserve Therapy Inc ($12.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 108% of the total. Compensation of current officers, directors and key employees was $529k (7.1% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $18.8m against liabilities of $2.8m, net assets of $16.0m. It reported 116 employees.