Mass Insight Education and Research Institute Inc

Analysis

Mass Insight Education and Research Institute Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2023, Mass Insight Education and Research Institute Inc reported income of $11.2m and spending of $12.4m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.0m to $11.2m (+60%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 31%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mass Insight Education and Research Institute Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Weld Legacy Foundation ($11.2m), Great Plains of Ellinwood Inc ($11.2m) and Friedreichs Ataxia Research Alliance Fara ($11.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $873k (7.0% of expenses). Other salaries and wages came to $6.5m. At year end it held assets of $3.1m against liabilities of $1.2m, net assets of $1.9m. It reported 95 employees.