Massrobotics Inc

Analysis

Massrobotics Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Massrobotics Inc reported income of $3.9m and spending of $4.1m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.6m to $3.9m (-15%), an average of -4.0% a year. The sharpest change came in the year to December 2020, when income dropped by 54%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Massrobotics Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MA. Charities of a similar size with the same main cause include Signature School Inc ($3.9m), Read USA Inc ($3.9m) and Tri-County Scholarship Fund ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $250k (6.1% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $16.1m against liabilities of $12.0m, net assets of $4.1m. It reported 17 employees.