Boston Project Ministries Inc

Analysis

Boston Project Ministries Inc is a registered charity in United States, based in Dorchester, MA. It received its IRS tax-exemption ruling in January 1998, 28 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Boston Project Ministries Inc reported income of $815k and spending of $861k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $443k to $815k (+84%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Boston Project Ministries Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MA. Charities of a similar size with the same main cause include Main Street Industries and Training Center Inc ($815k), Erie County Restorative Justice Coalition Inc ($817k) and Thousand Islands Regional Tourism Development Corporation ($815k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $98k (11% of expenses). Other salaries and wages came to $500k. At year end it held assets of $627k against liabilities of $88k, net assets of $539k. It reported 73 employees.