Bourque Family Foundation Inc

Analysis

Bourque Family Foundation Inc is a registered charity in United States, based in Woburn, MA. It received its IRS tax-exemption ruling in August 2018, 8 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 December 2023, Bourque Family Foundation Inc reported income of $811k and spending of $828k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $488k to $811k (+66%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 105%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Bourque Family Foundation Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within MA. Charities of a similar size with the same main cause include Lake County Community Fund ($810k), Community Foundation of Harford County Inc ($811k) and North East Community Foundation ($810k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.1% and program service revenue 91% of the total. At year end it held assets of $196k against liabilities of $22k, net assets of $173k.