Boston 4 Celebrations Foundation Inc

Analysis

Boston 4 Celebrations Foundation Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in September 1996, 30 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Boston 4 Celebrations Foundation Inc reported income of $2.4m and spending of $3.2m, spending 136% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $425k to $2.4m (+462%), an average of +54% a year. The sharpest change came in the year to August 2022, when income rose by 856%. Over the whole period it spent 142% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Boston 4 Celebrations Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include Lightner Museum of Hobbies ($2.4m), Appalshop Inc ($2.4m) and Douglas Manship Sr Theater Complexholding Inc ($2.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $489k against liabilities of $3.0m, net assets of -$2.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.