East Boston Social Centers Inc

Analysis

East Boston Social Centers Inc is a registered charity in United States, based in East Boston, MA. It received its IRS tax-exemption ruling in June 1941, 85 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, East Boston Social Centers Inc reported income of $9.2m and spending of $8.6m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.4m to $9.2m (+110%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 34%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, East Boston Social Centers Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include New Cassel Inc ($9.2m), Relate Inc ($9.2m) and East Co SVCS for ($9.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 6.4% of the total. Compensation of current officers, directors and key employees was $380k (4.4% of expenses). Other salaries and wages came to $4.6m. It paid $84k in professional fundraising fees. At year end it held assets of $9.4m against liabilities of $2.5m, net assets of $6.9m. It reported 132 employees.