The East Boston Foundation

Analysis

The East Boston Foundation is a registered charity in United States, based in East Boston, MA. It received its IRS tax-exemption ruling in July 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The East Boston Foundation reported income of $697k and spending of $503k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $759k to $697k (-8.1%), an average of -2.1% a year. The sharpest change came in the year to December 2023, when income rose by 19947%. Over the whole period it spent 106% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The East Boston Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MA. Charities of a similar size with the same main cause include Give270 ($697k), 4-Ct Corp ($698k) and Morse Foundation ($697k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $40k (8.0% of expenses). At year end it held assets of $1.5m against liabilities of $226k, net assets of $1.3m. It reported 1 employees.