Lobster Foundation of Massachusetts Inc

Analysis

Lobster Foundation of Massachusetts Inc is a registered charity in United States, based in Scituate, MA. It received its IRS tax-exemption ruling in October 2012, 14 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, Lobster Foundation of Massachusetts Inc reported income of $84k and spending of $23k, leaving 72% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $20k to $84k (+317%), an average of +318% a year. The sharpest change came in the year to June 2023, when income rose by 317%. Over the whole period it spent 75% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Lobster Foundation of Massachusetts Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 40th percentile within MA. Charities of a similar size with the same main cause include Maddy and Svens Animal Sanctuary ($84k), Animals 24-7 ($84k) and Indian American Veterinary Medical Association - Midwest Chapter ($84k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $81k against liabilities of $214, net assets of $80k.