Sciboston Inc

Analysis

Sciboston Inc is a registered charity in United States, based in Woburn, MA. It received its IRS tax-exemption ruling in June 1957, 69 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 June 2024, Sciboston Inc reported income of $715k and spending of $264k, leaving 63% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $116k to $715k (+518%), an average of +58% a year. The sharpest change came in the year to June 2024, when income rose by 102%. Over the whole period it spent 60% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sciboston 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 75th percentile, and in the 75th percentile within MA. Charities of a similar size with the same main cause include Zero Hour Life Center Inc ($715k), Branch Family Institute Inc ($715k) and Bella House Inc ($715k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $162k. At year end it held assets of $1.1m against liabilities of $11k, net assets of $1.1m. It reported 5 employees.