Tobin Project Inc

Analysis

Tobin Project Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in February 2006, 20 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 December 2023, Tobin Project Inc reported income of $464k and spending of $546k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $696k to $464k (-33%), an average of -9.6% a year. The sharpest change came in the year to December 2020, when income rose by 44%. Over the whole period it spent 130% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tobin Project Inc 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 69th percentile, and in the 70th percentile within MA. Charities of a similar size with the same main cause include Omega Graduate School Inc ($464k), Big Brothers Big Sisters of Mid-Maine ($464k) and Charles R Bishop Trust ($464k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $106k (19% of expenses). Other salaries and wages came to $246k. At year end it held assets of $1.3m against liabilities of $16k, net assets of $1.2m. It reported 5 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.