Rize Massachusetts Foundation Inc

Analysis

Rize Massachusetts Foundation Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Rize Massachusetts Foundation Inc reported income of $1.5m and spending of $3.9m, spending 269% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $11.2m to $1.5m (-87%), an average of -40% a year. The sharpest change came in the year to December 2021, when income rose by 119%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rize Massachusetts 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 83rd percentile, and in the 82nd percentile within MA. Charities of a similar size with the same main cause include Trauma and Critical Care Educational Foundation ($1.5m), Associated Colleges of Illinois Inc ($1.5m) and Northwoods Montessori Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $407k (10% of expenses). Other salaries and wages came to $609k. At year end it held assets of $6.7m against liabilities of $329k, net assets of $6.3m.