Boston Comic Arts Foundation Limited

Analysis

Boston Comic Arts Foundation Limited is a registered charity in United States, based in Salem, MA. It received its IRS tax-exemption ruling in August 2015, 11 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 December 2023, Boston Comic Arts Foundation Limited reported income of $140k and spending of $99k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $80k to $140k (+74%), an average of +74% a year. The sharpest change came in the year to December 2023, when income rose by 74%. Over the whole period it spent 72% 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 Comic Arts Foundation Limited sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 51st percentile within MA. Charities of a similar size with the same main cause include Newport News Japanese School Inc ($140k), Kansas Ballet Company ($140k) and Spencer Cable Access Corporation ($140k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. At year end it held assets of $88k against liabilities of $0, net assets of $88k.