MIT Sloan Boston Alumni Association Inc

Analysis

MIT Sloan Boston Alumni Association Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in October 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, MIT Sloan Boston Alumni Association Inc reported income of $623k and spending of $767k, spending 123% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $911k to $623k (-32%), an average of -9.1% a year. The sharpest change came in the year to June 2022, when income rose by 60%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, MIT Sloan Boston Alumni Association Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MA. Charities of a similar size with the same main cause include Cypress Education Foundation ($623k), Grace Christian Education Association Inc ($623k) and Golden Bridge ($623k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. Other salaries and wages came to $191k. At year end it held assets of $660k against liabilities of $176k, net assets of $484k. It reported 3 employees.