Boston Ground Water Trust

Analysis

Boston Ground Water Trust is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in July 2006, 20 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 2024, Boston Ground Water Trust reported income of $277k and spending of $228k, spending 82% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $213k to $277k (+30%), an average of +6.8% a year. The sharpest change came in the year to June 2023, when income rose by 38%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Boston Ground Water Trust sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within MA. Charities of a similar size with the same main cause include Moon & Stars Foundation ($277k), Prizm Ensemble ($277k) and Newark-Granville Symphony Orchestra Inc ($277k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 90% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $116k (51% of expenses). Other salaries and wages came to $13k. At year end it held assets of $1.0m against liabilities of $2,878, net assets of $1.0m. It reported 3 employees.