MIT Club of Boston

Analysis

MIT Club of Boston is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in August 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, MIT Club of Boston reported income of $116k and spending of $116k, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $114k to $116k (+1.6%), an average of +0.5% a year. The sharpest change came in the year to June 2023, when income rose by 72%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, MIT Club of Boston sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 47th percentile within MA. Charities of a similar size with the same main cause include National Tay Sachs and Allied Diseases Assoc of Delaware Valley ($116k), Northwest Oklahoma Crisis Pregnancy Center Inc ($116k) and Agc New York State Chapter Inc Scholarship Fund ($116k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. At year end it held assets of $79k against liabilities of $0, net assets of $79k.