Longwood Research Institute Inc

Analysis

Longwood Research Institute Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in March 1989, 37 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Longwood Research Institute Inc reported income of $2.0m and spending of $568k, leaving 71% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.4m to $2.0m (+46%), an average of +9.9% a year. The sharpest change came in the year to September 2022, when income rose by 901%. Over the whole period it spent 24% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Longwood Research Institute Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include Summit Community Center ($2.0m), Youth and Family Link ($2.0m) and Mid-City Concerns Inc ($2.0m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $81.7m against liabilities of $0, net assets of $81.7m.