Babson Global Inc

Analysis

Babson Global Inc is a registered charity in United States, based in Wellesley HLS, MA. It received its IRS tax-exemption ruling in April 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Babson Global Inc reported income of $4.5m and spending of $3.0m, leaving 34% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.1m to $4.5m (-10%), an average of -2.7% a year. Over the whole period it spent 57% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Babson Global Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within MA. Charities of a similar size with the same main cause include Skyuka Hall ($4.5m), Memphis Merit Academy ($4.5m) and George Jackson Academy ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 90% of the total. At year end it held assets of $57.3m against liabilities of $3.0m, net assets of $54.3m.