Ada Forsyth Institute Inc

Analysis

Ada Forsyth Institute Inc is a registered charity in United States, based in Somerville, MA. It received its IRS tax-exemption ruling in October 1937, 89 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ada Forsyth Institute Inc reported income of $17.7m and spending of $14.9m, spending 84% of its income. Across the 6 years on record, from June 2019 to December 2023, income fell from $21.0m to $17.7m (-16%), an average of -3.4% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 125% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ada Forsyth Institute Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MA. Charities of a similar size with the same main cause include The Community Foundatio of Louisville Depository Inc ($17.7m), Kosciusko County Community Foundation Inc ($17.7m) and Ventura County Community Foundation ($17.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $1.3m (8.6% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $31.0m against liabilities of $7.1m, net assets of $23.8m. It reported 165 employees.