The Fintech Sandbox Inc

Analysis

The Fintech Sandbox Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in May 2017, 9 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 Fintech Sandbox Inc reported income of $1.1m and spending of $1.1m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $676k to $1.1m (+66%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 46%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Fintech Sandbox Inc sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MA. Charities of a similar size with the same main cause include Sponsor Inc ($1.1m), Friends Of@bay Beach Inc ($1.1m) and Opportunities Industrialization of Wilson Incorporated ($1.1m).

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 $574k (51% of expenses). At year end it held assets of $588k against liabilities of $86k, net assets of $503k. It reported 5 employees.