RSM Boston Foundation Inc

Analysis

RSM Boston Foundation Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in August 2015, 11 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, RSM Boston Foundation Inc reported income of $355k and spending of $263k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $697k to $355k (-49%), an average of -16% a year. The sharpest change came in the year to December 2020, when income dropped by 53%. Over the whole period it spent 88% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, RSM Boston Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within MA. Charities of a similar size with the same main cause include United Way of Lawrence County ($355k), We Are One World Foundation Inc ($355k) and Ribbon of Hope Foundation Incorporated ($355k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $498k against liabilities of $9,000, net assets of $489k.