Boston Acupuncture Project Inc

Analysis

Boston Acupuncture Project Inc is a registered charity in United States, based in Hyde Park, MA. It received its IRS tax-exemption ruling in December 2018, 8 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Boston Acupuncture Project Inc reported income of $71k and spending of $77k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $56k to $71k (+26%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 116% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Boston Acupuncture Project Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 36th percentile within MA. Charities of a similar size with the same main cause include Sweepawaycancer Inc ($71k), Elkhorn Mountain Health Services Inc ($71k) and Options for Life Foundation ($71k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. At year end it held assets of $12k against liabilities of $18k, net assets of -$6,413.