Boston Bruins Alumni Association

Analysis

Boston Bruins Alumni Association is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in August 1973, 53 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 December 2023, Boston Bruins Alumni Association reported income of $590k and spending of $413k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $400k to $590k (+47%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 181%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boston Bruins Alumni Association sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MA. Charities of a similar size with the same main cause include Dixon Public School District 170 Foundation ($590k), George Hail Library ($590k) and China Evangelistic Mission Inc ($590k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $42k (10% of expenses). At year end it held assets of $371k against liabilities of $2,008, net assets of $369k.