Cromwell Harbor Supporting Foundation Inc

Analysis

Cromwell Harbor Supporting Foundation Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in July 2022, 4 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Cromwell Harbor Supporting Foundation Inc reported income of $19.1m and spending of $394k, leaving 98% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $14.0m to $19.1m (+36%), an average of +36% a year. The sharpest change came in the year to June 2023, when income rose by 36%. Over the whole period it spent 2.3% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Cromwell Harbor Supporting Foundation Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MA. Charities of a similar size with the same main cause include Moose Charities Inc ($19.0m), Lacrosse Community Foundation ($19.2m) and John L Santikos Charitable Foundation ($19.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $42.5m against liabilities of $0, net assets of $42.5m.