The Urban Farming Institute of Boston Inc

Analysis

The Urban Farming Institute of Boston Inc is a registered charity in United States, based in Mattapan, MA. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Urban Farming Institute of Boston Inc reported income of $3.1m and spending of $1.6m, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $726k to $3.1m (+326%), an average of +44% a year. The sharpest change came in the year to December 2020, when income rose by 154%. Over the whole period it spent 51% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Urban Farming Institute of Boston Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MA. Charities of a similar size with the same main cause include Triangular Processing Inc ($3.1m), Nicetown Community Development Corporation ($3.1m) and Iron Workers Joint Apprenticeship and Journeyman Training Fund ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $141k (9.0% of expenses). Other salaries and wages came to $499k. It paid $80k in professional fundraising fees. At year end it held assets of $6.1m against liabilities of $200k, net assets of $5.9m. It reported 18 employees.