Johnson Oconnor Research Foundation Inc

Analysis

Johnson Oconnor Research Foundation Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in November 1939, 87 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Johnson Oconnor Research Foundation Inc reported income of $5.9m and spending of $5.4m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.5m to $5.9m (+6.5%), an average of +1.6% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Johnson Oconnor Research Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include Partnership for Families Children and Adults Inc ($5.9m), Steamfitters Local Union No 449 Joint Apprenticeship & Training ($5.9m) and Connstep Inc ($5.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $413k (7.6% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $6.0m against liabilities of $4.1m, net assets of $1.8m. It reported 51 employees.