College for Social Innovation Inc

Analysis

College for Social Innovation Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 June 2023, College for Social Innovation Inc reported income of $2.3m and spending of $2.5m, spending 110% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.3m to $2.3m (-1.1%), an average of -0.4% a year. The sharpest change came in the year to June 2022, when income rose by 22%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, College for Social Innovation Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include Southern California Minority Supplier Development Council Inc ($2.3m), Health Cubed Inc ($2.3m) and Building Talent Foundation ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $338k (13% of expenses). Other salaries and wages came to $974k. At year end it held assets of $2.3m against liabilities of $1.8m, net assets of $477k. It reported 53 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.