Interaction Institute

Analysis

Interaction Institute is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in December 1984, 42 years ago. 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, Interaction Institute reported income of $3.0m and spending of $2.7m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.0m to $3.0m (-0.8%), an average of -0.2% a year. The sharpest change came in the year to December 2021, when income rose by 79%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Interaction Institute sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MA. Charities of a similar size with the same main cause include Home of Grace Corporation ($3.0m), Good Community Church of Torrance ($3.0m) and Memorial Hospital Foundation ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $433k (16% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $4.7m against liabilities of $325k, net assets of $4.3m. It reported 46 employees.