Social Venture Partners Boston

Analysis

Social Venture Partners Boston is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in April 2012, 14 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Social Venture Partners Boston reported income of $313k and spending of $406k, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $468k to $313k (-33%), an average of -9.6% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 104% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Social Venture Partners Boston sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 64th percentile within MA. Charities of a similar size with the same main cause include Allegheny General Hospital Auxillary ($313k), Brentwood School Foundation Inc ($313k) and Edward Boss Prado Foundation ($313k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $177k (44% of expenses). Other salaries and wages came to $118k. At year end it held assets of $46k against liabilities of $94k, net assets of -$48k. It reported 5 employees.