Duplessy Foundation

Analysis

Duplessy Foundation is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in August 2019, 7 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Duplessy Foundation reported income of $183k and spending of $182k, spending 99% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $205k to $183k (-11%), an average of -5.5% a year. The sharpest change came in the year to December 2023, when income rose by 606%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Duplessy Foundation sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within MA. Charities of a similar size with the same main cause include Greencastle-Putnam County Development Center Inc ($183k), Michigan Faith in Action ($183k) and Idaho Partners for Good Foundation ($183k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $21k (11% of expenses). At year end it held assets of $6,515 against liabilities of $4,831, net assets of $1,684. It reported 1 employees.