Engineering Center Education Trust

Analysis

Engineering Center Education Trust is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in August 1990, 36 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Engineering Center Education Trust reported income of $1.5m and spending of $1.4m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.5m (+27%), an average of +6.1% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Engineering Center Education Trust sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MA. Charities of a similar size with the same main cause include Texas Conservative Coalition Research Institute ($1.5m), Via Art Fund Inc ($1.5m) and Little Theatre Film Society Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $208k (15% of expenses). Other salaries and wages came to $634k. At year end it held assets of $3.0m against liabilities of $1.7m, net assets of $1.4m. It reported 7 employees.