The Red Sox Foundation Inc

Analysis

The Red Sox Foundation Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in June 2003, 23 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 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 December 2023, The Red Sox Foundation Inc reported income of $10.7m and spending of $9.5m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.3m to $10.7m (+3.2%), an average of +0.8% a year. The sharpest change came in the year to December 2020, when income dropped by 50%. Over the whole period it spent 94% 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 Red Sox Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Gary Sinise Foundation ($10.7m), Impact Through Golf Foundation ($10.7m) and United Way California Capital Region ($10.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 112% of the total. Compensation of current officers, directors and key employees was $591k (6.3% of expenses). Other salaries and wages came to $468k. At year end it held assets of $23.7m against liabilities of $4.3m, net assets of $19.4m. It reported 57 employees.