Boston Latin School Association

Analysis

Boston Latin School Association is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in September 1960, 66 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Boston Latin School Association reported income of $11.8m and spending of $5.0m, leaving 58% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.7m to $11.8m (+35%), an average of +7.9% a year. The sharpest change came in the year to June 2021, when income rose by 212%. Over the whole period it spent 59% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Boston Latin School Association sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include University of Baltimore Foundation Inc ($11.8m), Veritas Community Services Inc ($11.8m) and Thomas Edison Charter School Inc ($11.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 3.4% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $78.0m against liabilities of $1.6m, net assets of $76.3m. It reported 22 employees.