Boston Critic Inc

Analysis

Boston Critic Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in August 1977, 49 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Boston Critic Inc reported income of $986k and spending of $947k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $716k to $986k (+38%), an average of +8.3% a year. The sharpest change came in the year to December 2021, when income rose by 65%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Boston Critic Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MA. Charities of a similar size with the same main cause include Artportunity Knocks ($986k), Cumbe-Center for African and Diaspora Dance Inc ($987k) and Telluride Society for Jazz ($986k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $150k (16% of expenses). Other salaries and wages came to $329k. At year end it held assets of $790k against liabilities of $55k, net assets of $735k. It reported 8 employees.