Revolutionary Spaces Inc

Analysis

Revolutionary Spaces Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in December 1986, 40 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Revolutionary Spaces Inc reported income of $4.9m and spending of $7.4m, spending 151% of what it took in. Across the 5 years on record, from December 2018 to December 2023, income grew from $929k to $4.9m (+428%), an average of +52% a year. The sharpest change came in the year to December 2020, when income rose by 284%. Over the whole period it spent 119% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Revolutionary Spaces 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 92nd percentile, and in the 91st percentile within MA. Charities of a similar size with the same main cause include Luis a Ferre Foundation Inc ($4.9m), Childrens Museum of Tampa Inc ($4.9m) and International Womens Media Foundation ($4.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $210k (2.8% of expenses). Other salaries and wages came to $2.3m. It paid $144k in professional fundraising fees. At year end it held assets of $9.0m against liabilities of $791k, net assets of $8.2m. It reported 118 employees.