Social Innovation Forum Inc

Analysis

Social Innovation Forum Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, Social Innovation Forum Inc reported income of $1.8m and spending of $3.1m, spending 176% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.7m to $1.8m (+2.4%), an average of +0.6% a year. The sharpest change came in the year to June 2024, when income dropped by 49%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Social Innovation Forum 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 85th percentile, and in the 84th percentile within MA. Charities of a similar size with the same main cause include Mountain Roots Food Project ($1.8m), Arc-San Joaquin ($1.8m) and Community for Learning ($1.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 90% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $158k (5.0% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $2.7m against liabilities of $148k, net assets of $2.6m. It reported 24 employees.