Tie-Boston Foundation Inc

Analysis

Tie-Boston Foundation Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Tie-Boston Foundation Inc reported income of $182k and spending of $226k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $354k to $182k (-49%), an average of -15% a year. The sharpest change came in the year to December 2022, when income rose by 57%. Over the whole period it spent 74% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Tie-Boston Foundation Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within MA. Charities of a similar size with the same main cause include Dress for Success Michiana Inc ($182k), Albia Industrial Development Corporation ($182k) and Na Kuhio Ike ($182k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 61% of the total. Other salaries and wages came to $96k. At year end it held assets of $424k against liabilities of $91k, net assets of $333k. It reported 1 employees.