Boston Center for Independent Living Inc

Analysis

Boston Center for Independent Living Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in January 1976, 50 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 June 2023, Boston Center for Independent Living Inc reported income of $5.3m and spending of $5.2m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.2m to $5.3m (+27%), an average of +6.1% a year. The sharpest change came in the year to June 2021, when income rose by 15%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Boston Center for Independent Living Inc 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 92nd percentile, and in the 91st percentile within MA. Charities of a similar size with the same main cause include Friends Center for Children Inc ($5.3m), Refuge Center for Counseling Inc ($5.3m) and Tri-Cities Food Bank ($5.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.5% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $123k (2.4% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $4.7m against liabilities of $1.6m, net assets of $3.2m. It reported 77 employees.