Massachusetts Bay Community College Foundation

Analysis

Massachusetts Bay Community College Foundation is a registered charity in United States, based in Wellesley HLS, MA. It received its IRS tax-exemption ruling in September 1985, 41 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Massachusetts Bay Community College Foundation reported income of $2.6m and spending of $2.5m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $590k to $2.6m (+338%), an average of +45% a year. The sharpest change came in the year to June 2020, when income rose by 172%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Massachusetts Bay Community College Foundation sits at the 84th percentile: it is larger than about 84% 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 Sauvie Island School ($2.6m), Communities in Schools Bay Area Inc ($2.6m) and Modesto Junior College Foundation ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $7.1m against liabilities of $86k, net assets of $7.0m.