Boston Bruins Charitable Foundation Inc

Analysis

Boston Bruins Charitable Foundation Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in October 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Boston Bruins Charitable Foundation Inc reported income of $4.9m and spending of $3.9m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.9m to $4.9m (+0.1%), an average of +0.0% a year. The sharpest change came in the year to June 2022, when income rose by 61%. Over the whole period it spent 91% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Boston Bruins Charitable Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MA. Charities of a similar size with the same main cause include Earth Innovation Institute ($4.9m), Vertuassets Foundation Inc ($4.9m) and Grand Traverse Regional Community Foundation ($4.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% of the total. At year end it held assets of $3.8m against liabilities of $1.4m, net assets of $2.3m.