Massachusetts Project 351 Inc

Analysis

Massachusetts Project 351 Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in May 2012, 14 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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, Massachusetts Project 351 Inc reported income of $742k and spending of $1.1m, spending 144% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $742k (-39%), an average of -12% a year. The sharpest change came in the year to December 2020, when income dropped by 40%. Over the whole period it spent 101% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Massachusetts Project 351 Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MA. Charities of a similar size with the same main cause include Young Musicians and Artists ($741k), Youth for Christ USA Inc ($742k) and Khuba International ($740k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $469k. At year end it held assets of $124k against liabilities of $128k, net assets of -$4,084. It reported 5 employees.