Overview
What is Massachusetts Budget And Policy Center Inc?
Massachusetts Budget and Policy Center Inc. is a distinguished think tank situated in Boston, Massachusetts. With a team of 14 dedicated individuals, this nonprofit organization focuses on conducting independent research and analysis on state budget, tax policies, and economic issues that significantly impact low- and moderate-income people in the Commonwealth of Massachusetts. By advocating for equitable policy solutions, MassBudget strives to foster an inclusive and prosperous Massachusetts, positioning itself as a pioneer in advancing policies that uplift and empower its community.
Official website here: www.massbudget.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Massachusetts Budget and Policy Center Inc has received a high score of 96% from Charity Navigator, indicating strong performance in terms of accountability and financial health. With an Accountability & Finance Score of 97 and a Program Expense Ratio of 80.66%, the organization demonstrates effective management of resources, ensuring that a significant portion of funds directly supports its programs.
The nonprofit boasts a fully independent board, consisting of 14 members, which enhances its governance and transparency. It has effective policies in place, including conflict of interest and whistleblower protections, all contributing to a robust framework for ethical operations. Financially, the organization maintains a favorable working capital ratio of 1.15 years, reflecting its ability to meet short-term obligations.
While the organization excels in many areas, the feedback does not highlight any major limitations. Overall, the Massachusetts Budget and Policy Center Inc stands out as a well-managed nonprofit, committed to transparency and effective use of funds.
This AI summary has been generated from information found on Charity Navigator.
Is Massachusetts Budget And Policy Center Inc legitimate?
Massachusetts Budget And Policy Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Massachusetts Budget And Policy Center Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,182,778
For more financial information, click here
Official website here: www.massbudget.org
What is the mission statement of Massachusetts Budget And Policy Center Inc?
Massachusetts Budget and Policy Center Inc. serves as a prominent think tank, dedicated to proposing equitable policy solutions. Their mission is to foster an inclusive and prosperous commonwealth. Through independent research and analysis, they focus on state budget and tax policies, as well as economic issues that significantly impact low- and moderate-income residents in Massachusetts. Their ultimate goal is to contribute to a more equitable society.
Official website here: www.massbudget.org
Who is the CEO of Massachusetts Budget And Policy Center Inc?
Marie-Frances Rivera is the Director of Massachusetts Budget And Policy Center Inc.
Official website here: www.massbudget.org
What is the revenue of Massachusetts Budget And Policy Center Inc?
Massachusetts Budget And Policy Center Inc's revenue in 2022 was $3,034,653.
Official website here: www.massbudget.org
Who are the executives of Massachusetts Budget And Policy Center Inc and what are their salaries?
The average compensation at Massachusetts Budget And Policy Center Inc during 2022 was $84,484. There are 14 employees and 18 volunteers at Massachusetts Budget And Policy Center Inc.
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Official website here: www.massbudget.org
Where can I find the form 990 for Massachusetts Budget And Policy Center Inc?
Massachusetts Budget And Policy Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.massbudget.org
Learn more at the official website: www.massbudget.org
Mission Statement of Massachusetts Budget And Policy Center Inc
Massachusetts Budget and Policy Center, a renowned think tank, is committed to promoting equitable policy solutions that foster an inclusive and prosperous Commonwealth. Their primary mission is to conduct independent research and analysis on the state budget, tax policies, and economic issues that significantly impact low- and moderate-income individuals in Massachusetts. By doing so, this organization aims to contribute to the creation of a more equitable and thriving state for all its residents.
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Impact
July, 2024
Massachusetts Budget and Policy Center Inc, also known as MassBudget, is making a significant impact by providing independent research and analysis of the state budget, tax policies, and economic issues that directly affect low- and moderate-income individuals in Massachusetts. Through their work as a leading think tank, they are actively advancing equitable policy solutions that aim to create an inclusive and thriving Commonwealth. Their efforts are vital in advocating for policies that promote fairness and economic opportunity for all residents of the state.
This information is meant to be a general summary of Massachusetts Budget And Policy Center Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,200
- Program Service Revenue: $82,050
- Gross Receipts: $3,034,653
Assets and Liabilities:
- Total Assets: $3,976,027
- Total Liabilities: $687,857
- Net Assets: $3,288,170
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Research projects
Revenue
$72,500
Speaker Honorarium
Revenue
$9,550
Organization Details
Founding Year
1987
Phone
(617) 426-1228Principal Officer
Marie-Frances Rivera
Main Address
1 State Street 1250, Boston, MA, 02109
Website
www.massbudget.orgNTEE Category
Code: W20 - Public benefit
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