26 2 Foundation Inc

Analysis

26 2 Foundation Inc is a registered charity in United States, based in Hopkinton, MA. It received its IRS tax-exemption ruling in April 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, 26 2 Foundation Inc reported income of $263k and spending of $256k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $168k to $263k (+56%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 80%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, 26 2 Foundation Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within MA. Charities of a similar size with the same main cause include Flint Area Sheet Metal Joint Appren Ticeship Fund ($263k), Empowerment Factory ($263k) and Foundation in Support of Educational Excellence Inc ($263k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $115k. At year end it held assets of $1.0m against liabilities of $563k, net assets of $454k.