Colleges of the Fenway Inc

Analysis

Colleges of the Fenway Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Colleges of the Fenway Inc reported income of $3.5m and spending of $3.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.6m to $3.5m (-2.7%), an average of -0.7% a year. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Colleges of the Fenway Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MA. Charities of a similar size with the same main cause include Optima Foundation Inc ($3.5m), High Jump ($3.5m) and Collegiate Charter High School of Los Angeles ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $248k (7.1% of expenses). Other salaries and wages came to $888k. At year end it held assets of $3.0m against liabilities of $2.4m, net assets of $652k. It reported 58 employees.