Boston Globe Foundation Inc

Analysis

Boston Globe Foundation Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in February 1981, 45 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Globe Foundation Inc reported income of $2.9m and spending of $1.5m, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.9m (+103%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 60%. Over the whole period it spent 80% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Boston Globe Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within MA. Charities of a similar size with the same main cause include Forvis Mazars Foundation ($2.9m), Hands in Service Incorporated ($2.9m) and Great Falls Public Schools Foundation ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $88k. At year end it held assets of $4.9m against liabilities of $147k, net assets of $4.7m.