Massachusetts College of Art and Design Foundation Inc

Analysis

Massachusetts College of Art and Design Foundation Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in December 1981, 45 years ago. 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, Massachusetts College of Art and Design Foundation Inc reported income of $3.6m and spending of $3.0m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.8m to $3.6m (-5.4%), an average of -1.4% a year. The sharpest change came in the year to June 2020, when income rose by 32%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Massachusetts College of Art and Design 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 90th percentile, and in the 89th percentile within MA. Charities of a similar size with the same main cause include Cobb School Montessori ($3.6m), Ronald McDonald House Charities of Central Indiana Inc ($3.6m) and Habitat for Humanity International Inc ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $128k. At year end it held assets of $18.5m against liabilities of $266k, net assets of $18.3m.