Boston Public Market

Analysis

Boston Public Market is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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, Boston Public Market reported income of $2.7m and spending of $3.4m, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $2.7m (+58%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 93%. Over the whole period it spent 128% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boston Public Market sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MA. Charities of a similar size with the same main cause include Service League of San Mateo County ($2.7m), California Academy of Family Physicians Foundation ($2.7m) and Mission Border Hope ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $286k (8.4% of expenses). Other salaries and wages came to $425k. At year end it held assets of $9.8m against liabilities of $1.5m, net assets of $8.3m. It reported 12 employees.

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.