Massachusetts Budget and Policy Center Inc

Analysis

Massachusetts Budget and Policy Center Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in December 1987, 39 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 December 2023, Massachusetts Budget and Policy Center Inc reported income of $2.6m and spending of $2.9m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.6m (+88%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 111%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Massachusetts Budget and Policy Center Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MA. Charities of a similar size with the same main cause include Care Camps Foundation ($2.6m), Child Abuse Prevention Association ($2.6m) and Good News for India - Texas ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.4% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $3.4m against liabilities of $378k, net assets of $3.0m. It reported 17 employees.