Longwood Medical Energy Collaborative Inc

Analysis

Longwood Medical Energy Collaborative Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in October 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Longwood Medical Energy Collaborative Inc reported income of $2.3m and spending of $2.3m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $829k to $2.3m (+179%), an average of +29% a year. The sharpest change came in the year to September 2023, when income rose by 110%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Longwood Medical Energy Collaborative Inc sits at the 83rd percentile: it is larger than about 83% 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 Miami Bayside Foundation Inc ($2.3m), Academy of Chinese Culture and ($2.3m) and South Carolina First Steps to School Readiness Board of Trustees ($2.3m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $422k (18% of expenses). Other salaries and wages came to $6,944. At year end it held assets of $1.8m against liabilities of $1.8m, net assets of $0. It reported 1 employees.