Boston Athletic Assoc

Analysis

Boston Athletic Assoc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in May 1983, 43 years ago. 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 Athletic Assoc reported income of $29.3m and spending of $30.4m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $21.9m to $29.3m (+34%), an average of +7.5% a year. The sharpest change came in the year to June 2022, when income rose by 270%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boston Athletic Assoc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MA. Charities of a similar size with the same main cause include American Society of Clinical Pathologists ($29.3m), Mary Ann Morse Healthcare Corp ($29.4m) and Bay Area Legal Aid ($29.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $2.1m (7.0% of expenses). Other salaries and wages came to $2.4m. It paid $39k in professional fundraising fees. At year end it held assets of $31.1m against liabilities of $4.3m, net assets of $26.8m. It reported 38 employees.