The Boston Society Inc

Analysis

The Boston Society Inc is a registered charity in United States, based in Lexington, MA. It received its IRS tax-exemption ruling in January 2005, 21 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 December 2023, The Boston Society Inc reported income of $295k and spending of $278k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $486k to $295k (-39%), an average of -12% a year. The sharpest change came in the year to December 2020, when income dropped by 56%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Boston Society Inc sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within MA. Charities of a similar size with the same main cause include Southside PTO ($295k), Cor Christi Academy ($295k) and Larry Sharley Institute of Evangelism Inc ($295k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $135k (49% of expenses). At year end it held assets of $233k against liabilities of $970, net assets of $232k. It reported 2 employees.