Massachusetts Biotechnology Education Foundation Inc

Analysis

Massachusetts Biotechnology Education Foundation Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in August 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Massachusetts Biotechnology Education Foundation Inc reported income of $3.6m and spending of $3.5m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.3m to $3.6m (-15%), an average of -4.0% a year. The sharpest change came in the year to December 2020, when income dropped by 55%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Massachusetts Biotechnology Education Foundation Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MA. Charities of a similar size with the same main cause include San Juan College Foundation ($3.6m), Temecula International Academy ($3.6m) and John Paul II High School Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $382k (11% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $2.0m against liabilities of $176k, net assets of $1.8m. It reported 21 employees.