Boston Latin Academy Association Inc

Analysis

Boston Latin Academy Association Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in March 2010, 16 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 2023, Boston Latin Academy Association Inc reported income of $429k and spending of $253k, leaving 41% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $319k to $429k (+34%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 50%. Over the whole period it spent 60% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Boston Latin Academy Association Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within MA. Charities of a similar size with the same main cause include Advocates for Catholic Education and Organizations ($428k), North Hills Instrumental Parents Association ($429k) and Piston Foundation Inc ($428k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $748k against liabilities of $10k, net assets of $738k.