Boston Foundation Inc

Analysis

Boston Foundation Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in December 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 June 2023, Boston Foundation Inc reported income of $161.3m and spending of $209.9m, spending 130% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $165.5m to $161.3m (-2.6%), an average of -0.6% a year. The sharpest change came in the year to June 2021, when income rose by 78%. Over the whole period it spent 91% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Boston Foundation Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include Community Foundation of Tampa Bay Inc ($160.0m), The Verity Charitable Fund Inc ($162.8m) and San Francisco Foundation ($159.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $4.1m (2.0% of expenses). Other salaries and wages came to $12.0m. At year end it held assets of $1.71bn against liabilities of $20.5m, net assets of $1.69bn. It reported 170 employees.