Crimson Business Education Group

Analysis

Crimson Business Education Group is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Crimson Business Education Group reported income of $1.0m and spending of $843k, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $882k to $1.0m (+18%), an average of +4.2% a year. The sharpest change came in the year to June 2021, when income rose by 127%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Crimson Business Education Group sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MA. Charities of a similar size with the same main cause include Specialty Tutoring Inc ($1.0m), Humboldt Daycare & Preschool Inc ($1.0m) and Central Atlantic Collegiate Conference Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $2.0m against liabilities of $158k, net assets of $1.9m.