Boston by Foot Inc

Analysis

Boston by Foot Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in June 1978, 48 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Boston by Foot Inc reported income of $251k and spending of $284k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $272k to $251k (-8.0%), an average of -2.1% a year. The sharpest change came in the year to December 2021, when income rose by 121%. Over the whole period it spent 97% 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 by Foot Inc sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within MA. Charities of a similar size with the same main cause include Using Art to Create a Better World ($251k), Oaklands Association Incorporated ($251k) and The Opera League of Los Angeles ($251k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $79k (28% of expenses). Other salaries and wages came to $128k. At year end it held assets of $471k against liabilities of $10k, net assets of $461k. It reported 4 employees.