Boston Schools Fund Inc

Analysis

Boston Schools Fund Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in May 2015, 11 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 June 2023, Boston Schools Fund Inc reported income of $1.9m and spending of $2.7m, spending 140% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.1m to $1.9m (-10%), an average of -3.5% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 127% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Boston Schools Fund Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within MA. Charities of a similar size with the same main cause include Petawa Residence and Cultural Center Inc ($1.9m), Kinderplatz of Fine Arts Inc ($1.9m) and Carolina School for Inquiry ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $660k (25% of expenses). Other salaries and wages came to $666k. At year end it held assets of $2.0m against liabilities of $64k, net assets of $1.9m. It reported 12 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.