Boston Prime Timers Inc

Analysis

Boston Prime Timers Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in June 2023, 3 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Boston Prime Timers Inc reported income of $511k and spending of $59k, leaving 88% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $59k to $511k (+771%), an average of +72% a year. The sharpest change came in the year to December 2023, when income rose by 9560%. Over the whole period it spent 26% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Boston Prime Timers Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MA. Charities of a similar size with the same main cause include Colorado Community Action Association ($511k), Upper Albany Neighborhood Collaborative Inc ($511k) and Springfield Workshop Foundation Inc ($510k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $1.4m against liabilities of $1,258, net assets of $1.4m.