Invest in Others Charitablefoundation Inc

Analysis

Invest in Others Charitablefoundation Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in February 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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, Invest in Others Charitablefoundation Inc reported income of $2.7m and spending of $2.3m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $2.7m (+62%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 93% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Invest in Others Charitablefoundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MA. Charities of a similar size with the same main cause include Charter Conservatory for Liberal Arts & Technology Inc ($2.7m), Humanities Council of Washington DC Inc ($2.7m) and The Mountain Retreat & Learning Center Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $303k (13% of expenses). Other salaries and wages came to $330k. At year end it held assets of $3.4m against liabilities of $44k, net assets of $3.3m. It reported 8 employees.