The Boston Foundation for Sight

Analysis

The Boston Foundation for Sight is a registered charity in United States, based in Needham, MA. It received its IRS tax-exemption ruling in September 1993, 33 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, The Boston Foundation for Sight reported income of $6.0m and spending of $6.0m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.2m to $6.0m (-4.3%), an average of -1.1% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Boston Foundation for Sight sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include United Inner City Services ($6.0m), Fund for the Aged Inc ($6.0m) and Children First Pa ($6.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.5% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $1.4m (23% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $10.7m against liabilities of $4.9m, net assets of $5.9m. It reported 64 employees.