Product Stewardship Institute Inc

Analysis

Product Stewardship Institute Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in September 2005, 21 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Product Stewardship Institute Inc reported income of $1.2m and spending of $1.2m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $717k to $1.2m (+65%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 34%. Over the whole period it spent 106% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Product Stewardship Institute Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MA. Charities of a similar size with the same main cause include Better Block Foundation ($1.2m), Peoples Partners for Community Development ($1.2m) and Mid-Kansas Cap Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $172k (14% of expenses). Other salaries and wages came to $578k. At year end it held assets of $197k against liabilities of $382k, net assets of -$185k. It reported 13 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.