Interseminarian-Project Place Inc

Analysis

Interseminarian-Project Place Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in August 1969, 57 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, Interseminarian-Project Place Inc reported income of $3.6m and spending of $4.0m, spending 111% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.6m to $3.6m (+1.1%), an average of +0.4% a year. 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, Interseminarian-Project Place Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MA. Charities of a similar size with the same main cause include Viable Options in Community ($3.6m), Jewish Family & Career Services of Louisville Inc ($3.6m) and Beverly Childrens Learning Cent Inc ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $299k (7.5% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $3.2m against liabilities of $1.0m, net assets of $2.2m. It reported 129 employees.