Cambridge College Inc

Analysis

Cambridge College Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in September 1975, 51 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Cambridge College Inc reported income of $35.3m and spending of $39.5m, spending 112% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $26.6m to $35.3m (+33%), an average of +7.4% a year. The sharpest change came in the year to August 2021, when income rose by 34%. Over the whole period it spent 118% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cambridge College Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MA. Charities of a similar size with the same main cause include Feather River Charter School ($35.3m), Odyssey Charter School Incorporated ($35.3m) and Unicare Community Health Center Inc ($35.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $1.2m (3.2% of expenses). Other salaries and wages came to $13.7m. It paid $148k in professional fundraising fees. At year end it held assets of $110.9m against liabilities of $72.6m, net assets of $38.3m. It reported 599 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.