The Scandinavian Charitable Society of Greater Boston Inc

Analysis

The Scandinavian Charitable Society of Greater Boston Inc is a registered charity in United States, based in W Newton, MA. It received its IRS tax-exemption ruling in January 1939, 87 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Scandinavian Charitable Society of Greater Boston Inc reported income of $4.0m and spending of $3.8m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.1m to $4.0m (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Scandinavian Charitable Society of Greater Boston Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MA. Charities of a similar size with the same main cause include Community Family Centers-Centros Familiares de LA Comunidad ($4.0m), Valley Teen Ranch ($4.0m) and Webster Child Care Center at Laclede Groves ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.7% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $179k (4.7% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $7.5m against liabilities of $2.1m, net assets of $5.4m. It reported 36 employees.