Simon of Cyrene Society Inc

Analysis

Simon of Cyrene Society Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in April 1983, 43 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 October 2023, Simon of Cyrene Society Inc reported income of $109k and spending of $38k, leaving 65% of income unspent that year. Across the 5 years on record, from October 2019 to October 2023, income grew from $78k to $109k (+41%), an average of +9.0% a year. The sharpest change came in the year to October 2021, when income rose by 526%. Over the whole period it spent 53% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Simon of Cyrene Society Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 46th percentile within MA. Charities of a similar size with the same main cause include Madison Education Foundation Inc ($109k), Chapin Band Booster Club Chapin High School ($109k) and PTA Pennsylvania Congress ($109k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 16% of the total. At year end it held assets of $881k against liabilities of $0, net assets of $881k.