Proprietors of the Boston Athenaeum

Analysis

Proprietors of the Boston Athenaeum is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in May 1938, 88 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Proprietors of the Boston Athenaeum reported income of $7.0m and spending of $11.6m, spending 166% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $11.1m to $7.0m (-37%), an average of -11% a year. The sharpest change came in the year to September 2021, when income rose by 202%. Over the whole period it spent 117% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Proprietors of the Boston Athenaeum sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include Education and Leadership Foundation ($7.0m), Chicago Public Library Foundation ($7.0m) and Starfall Education Foundation ($7.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 80% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $601k (5.2% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $128.8m against liabilities of $19.2m, net assets of $109.6m. It reported 86 employees.