Community Research Initiative of New England Inc

Analysis

Community Research Initiative of New England Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in May 1994, 32 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 June 2023, Community Research Initiative of New England Inc reported income of $25.1m and spending of $25.0m, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $24.2m to $25.1m (+3.4%), an average of +1.1% a year. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Community Research Initiative of New England Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MA. Charities of a similar size with the same main cause include Providers Insurance Corporation ($25.0m), Southern California Medical Center Inc ($25.1m) and Wartburg Home of the Evangelical Lutheran Church ($25.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $213k (0.9% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $5.4m against liabilities of $4.1m, net assets of $1.4m. It reported 54 employees.