Boston Plasterers & Cement Masons

Analysis

Boston Plasterers & Cement Masons is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in December 1968, 58 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 March 2024, Boston Plasterers & Cement Masons reported income of $620k and spending of $407k, leaving 34% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income grew from $410k to $620k (+51%), an average of +11% a year. The sharpest change came in the year to March 2023, when income rose by 34%. Over the whole period it spent 77% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Boston Plasterers & Cement Masons sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MA. Charities of a similar size with the same main cause include Vision Long Island ($620k), Myrtle Avenue District Management Association Inc ($620k) and Independence for the Blind of West Florida ($619k).

On its Form 990 for the period ending March 2024, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $3,203 (0.8% of expenses). Other salaries and wages came to $94k. At year end it held assets of $1.1m against liabilities of $28k, net assets of $1.1m. It reported 7 employees.