Applied Economics Clinic

Analysis

Applied Economics Clinic is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover social science, 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, Applied Economics Clinic reported income of $1.8m and spending of $1.6m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $723k to $1.8m (+148%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 63%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Applied Economics Clinic 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 85th percentile, and in the 84th percentile within MA. Charities of a similar size with the same main cause include California Anime Foundation ($1.8m), Golisano Childrens Museum of Naples Inc ($1.8m) and Cabrillo Music Theatre Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $288k (18% of expenses). Other salaries and wages came to $987k. At year end it held assets of $398k against liabilities of $225k, net assets of $174k. It reported 26 employees.