Innovation Trail of Greater Boston Inc

Analysis

Innovation Trail of Greater Boston Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Innovation Trail of Greater Boston Inc reported income of $167k and spending of $119k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $101k to $167k (+65%), an average of +65% a year. The sharpest change came in the year to December 2023, when income rose by 65%. Over the whole period it spent 53% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Innovation Trail of Greater Boston Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within MA. Charities of a similar size with the same main cause include Arc Cowboys Football and Cheer Inc ($167k), Poor Farm Exhibitions and Press Incorporated ($168k) and American Institute for Yemeni Studies ($167k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.6% of the total. At year end it held assets of $128k against liabilities of $726, net assets of $127k.