Celebrity Series of Boston

Analysis

Celebrity Series of Boston is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in September 1989, 37 years ago. 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 June 2024, Celebrity Series of Boston reported income of $8.8m and spending of $9.5m, spending 108% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $7.1m to $8.8m (+24%), an average of +5.5% a year. The sharpest change came in the year to June 2022, when income rose by 136%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Celebrity Series of Boston sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include Nuestros Ninos Day Care Center Inc ($8.8m), Special Olympics New Jersey Inc ($8.8m) and Joint Journeymen & Apprentice ($8.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 43% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $713k (7.5% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $22.2m against liabilities of $2.6m, net assets of $19.5m. It reported 74 employees.