Baystate Financial Charitable Foundation Inc

Analysis

Baystate Financial Charitable Foundation Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Baystate Financial Charitable Foundation Inc reported income of $232k and spending of $137k, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $160k to $232k (+45%), an average of +9.8% a year. The sharpest change came in the year to December 2022, when income rose by 2312%. Over the whole period it spent 83% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Baystate Financial Charitable Foundation Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within MA. Charities of a similar size with the same main cause include Sunshine Bible Academy Foundation ($232k), Help Razom Inc ($232k) and South River Emc Community Assistance Corp ($232k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% of the total. At year end it held assets of $222k against liabilities of $0, net assets of $222k.