Boston Main Streets Foundation

Analysis

Boston Main Streets Foundation is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in March 2006, 20 years ago. Its declared purposes cover arts, culture and humanities, 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 2023, Boston Main Streets Foundation reported income of $492k and spending of $544k, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $205k to $492k (+140%), an average of +24% a year. The sharpest change came in the year to June 2022, when income rose by 653%. Over the whole period it spent 117% 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 Main Streets Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MA. Charities of a similar size with the same main cause include Cedar Rapids Opera Theatre ($492k), Yorba Linda Spotlight Theater Company ($492k) and Players by the Sea Inc ($492k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. It paid $16k in professional fundraising fees. At year end it held assets of $539k against liabilities of $63k, net assets of $476k.