Boylston Chess Foundation Inc

Analysis

Boylston Chess Foundation Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in November 2014, 12 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 2022, Boylston Chess Foundation Inc reported income of $187k and spending of $237k, spending 127% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $354k to $187k (-47%), an average of -19% a year. The sharpest change came in the year to December 2022, when income rose by 155%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Boylston Chess Foundation Inc sits at the 53rd percentile: it is larger than about 53% 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 Sundial Classical Farmstead ($187k), Greenwood Tree ($187k) and Visalia Breakfast Rotary Community Support Association ($187k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 71% and program service revenue 26% of the total. At year end it held assets of $873k against liabilities of $595k, net assets of $278k.