Action for Boston Community Development

Analysis

Action for Boston Community Development is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in February 1964, 62 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 August 2023, Action for Boston Community Development reported income of $284.4m and spending of $276.0m, spending 97% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $199.0m to $284.4m (+43%), an average of +9.3% a year. The sharpest change came in the year to August 2023, when income rose by 25%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Action for Boston Community Development sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within MA. Charities of a similar size with the same main cause include Pride Industries ($279.8m), Second Harvest of Silicon Valley ($286.2m) and Greater Chicago Food Depository ($275.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 97% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $911k (0.3% of expenses). Other salaries and wages came to $39.8m. At year end it held assets of $104.8m against liabilities of $84.5m, net assets of $20.3m. It reported 1,388 employees.