The Boston Education Development Foundation Inc

Analysis

The Boston Education Development Foundation Inc is a registered charity in United States, based in Roxbury, MA. It received its IRS tax-exemption ruling in November 1985, 41 years ago. 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, The Boston Education Development Foundation Inc reported income of $13.9m and spending of $13.0m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.3m to $13.9m (+50%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 52%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Boston Education Development Foundation Inc sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include Garten Services Inc ($13.9m), Givenkind ($13.9m) and Community Extended Nuclear Transitional Resid Exoffenders Inc ($13.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 7.2% of the total. Compensation of current officers, directors and key employees was $173k (1.3% of expenses). Other salaries and wages came to $293k. At year end it held assets of $16.0m against liabilities of $1.3m, net assets of $14.7m. It reported 8 employees.