FC Greater Boston Bolts Inc

Analysis

FC Greater Boston Bolts Inc is a registered charity in United States, based in Framingham, MA. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 July 2023, FC Greater Boston Bolts Inc reported income of $6.1m and spending of $6.4m, spending 105% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $2.7m to $6.1m (+127%), an average of +23% a year. The sharpest change came in the year to July 2021, when income rose by 113%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, FC Greater Boston Bolts Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include USA Boxing Inc ($6.1m), Kaleidoscope Park Foundation ($6.1m) and Bobby Jones Golf Course Foundation Inc ($6.1m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 1.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $334k (5.2% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $2.3m against liabilities of $2.6m, net assets of -$309k. It reported 108 employees.