Loring Wolcott & Coolidge Charitable TR - I

Analysis

Loring Wolcott & Coolidge Charitable TR - I is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 August 2023, Loring Wolcott & Coolidge Charitable TR - I reported income of $3.5m and spending of $3.5m, spending 100% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $3.5m to $3.5m (-0.3%), an average of -0.1% a year. The sharpest change came in the year to August 2023, when income dropped by 19%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Loring Wolcott & Coolidge Charitable TR - I sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MA. Charities of a similar size with the same main cause include Meriter Foundation Inc ($3.5m), United Philanthropy Forum ($3.5m) and Association of Small Foundations ($3.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.