Improvisation Center of Boston Inc

Analysis

Improvisation Center of Boston Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in December 1994, 32 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Improvisation Center of Boston Inc reported income of $420k and spending of $796k, spending 190% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.6m to $420k (-74%), an average of -29% a year. The sharpest change came in the year to June 2022, when income rose by 375%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Improvisation Center of Boston Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within MA. Charities of a similar size with the same main cause include Douglas Arts and Humanities Inc ($420k), French Creek Valley Christian School Inc ($420k) and Grant Council on the Aging Inc ($420k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $108k (14% of expenses). Other salaries and wages came to $282k. At year end it held assets of $543k against liabilities of $89k, net assets of $455k. It reported 12 employees.