Boston Education Skills & Training Corp

Analysis

Boston Education Skills & Training Corp is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Education Skills & Training Corp reported income of $2.1m and spending of $1.6m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $2.1m (+6.8%), an average of +1.7% a year. The sharpest change came in the year to June 2022, when income dropped by 25%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Boston Education Skills & Training Corp sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include Educational Impact Inc ($2.1m), Meged Shomayim ($2.1m) and Hawaii Association of Independent Schools ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.8% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $138k (8.8% of expenses). Other salaries and wages came to $556k. At year end it held assets of $2.7m against liabilities of $459k, net assets of $2.2m. It reported 15 employees.