Foundation for Metrowest Inc

Analysis

Foundation for Metrowest Inc is a registered charity in United States, based in Natick, MA. It received its IRS tax-exemption ruling in August 1995, 31 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Foundation for Metrowest Inc reported income of $4.7m and spending of $6.2m, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.6m to $4.7m (+30%), an average of +6.7% a year. The sharpest change came in the year to December 2020, when income rose by 85%. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Foundation for Metrowest Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MA. Charities of a similar size with the same main cause include Boldt Family Fund Inc ($4.7m), Concordia University Wisconsin Foundation Inc ($4.7m) and Washington County Community Foud ($4.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 105% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $209k (3.4% of expenses). Other salaries and wages came to $846k. At year end it held assets of $28.3m against liabilities of $1.7m, net assets of $26.7m. It reported 13 employees.