The Massachusetts Institute for a New Commonwealth Inc

Analysis

The Massachusetts Institute for a New Commonwealth Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in August 1995, 31 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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 Massachusetts Institute for a New Commonwealth Inc reported income of $3.2m and spending of $2.4m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $3.2m (+57%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 75%. Over the whole period it spent 92% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, The Massachusetts Institute for a New Commonwealth Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MA. Charities of a similar size with the same main cause include North Carolina Voter Project ($3.2m), A Healthier Democracy Inc ($3.2m) and Community Action Against Rape ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $383k (16% of expenses). Other salaries and wages came to $762k. At year end it held assets of $2.9m against liabilities of $1.3m, net assets of $1.6m. It reported 21 employees.