Boston Building Material Coop Charitable & Educational Fund Inc

Analysis

Boston Building Material Coop Charitable & Educational Fund Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in March 1982, 44 years ago. 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 Building Material Coop Charitable & Educational Fund Inc reported income of $951k and spending of $1.1m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $951k (-33%), an average of -9.4% a year. The sharpest change came in the year to December 2022, when income dropped by 35%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boston Building Material Coop Charitable & Educational Fund Inc sits at the 77th percentile: it is larger than about 77% 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 Chicago Trail Village Inc ($951k), The Association of Independent Schools of Greater Washington ($951k) and Valley Pike Manor Inc ($951k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 4.3% of the total. Compensation of current officers, directors and key employees was $72k (6.9% of expenses). Other salaries and wages came to $509k. At year end it held assets of $2.7m against liabilities of $219k, net assets of $2.5m. It reported 10 employees.