Boston String Academy Inc

Analysis

Boston String Academy Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Boston String Academy Inc reported income of $606k and spending of $460k, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $271k to $606k (+124%), an average of +22% a year. The sharpest change came in the year to June 2023, when income rose by 87%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Boston String Academy Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MA. Charities of a similar size with the same main cause include Arts Center of Cannon County ($606k), Asian Improv Arts Midwest ($606k) and Denton Community Theatre Inc ($606k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. It paid $5,225 in professional fundraising fees. At year end it held assets of $307k against liabilities of $31k, net assets of $276k.