Education
(B112)
IRS Verified
DX Registered
990 on File
BOSTON LATIN ACADEMY ASSOCIATION INC
Financial strength (30%)
74/100
Reliability (20%)
50/100
Effectiveness (25%)
68/100
Impact (25%)
70/100
CharityAI™ Score
Not yet evaluated
Mission Statement
Boston Latin Academy Association, inc., was incorporated in 2008 to support the educational and programmatic objectives of Boston Latin Academy. It is a Massachusetts non-profit corporation recognized by the IRS as a 501(c)(3) corporation.
Financial Overview — FY 2024
$161K
Total Revenue
$235K
Total Expenses
$681K
Net Assets
0
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
72.1%
Fundraising Efficiency
N/A
Operating Reserve
34.83x
Liability-to-Asset
1.5%
Revenue Diversification
88.9%
Compared with Peers
FY 2024
Compared with 15,968 similar organizations
(United States, Education, $100K–$1M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
72.1% | 89.3% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
26.8% | 8.2% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
1.1% | 0.0% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
34.8 mo | 9.3 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
1.5% | 0.3% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
88.9% | 89.4% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
-62.3% | 8.4% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-7.4% | 9.0% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-45.4% | 2.8% |
P10P90
|
Impact
1 program| Outcome / Program | People Served | Cost / Service | # Completed | Duration |
|---|---|---|---|---|
| Improved educational opportunities for Boston Latin Academy students | 1,700 | $126.88 | — | Per Year |
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $161K | $235K | $681K | 72.1% | 0 |
| 2023 | $429K | $253K | $738K | 71.1% | 0 |
| 2022 | $478K | $279K | $548K | 81.9% | 0 |
| 2021 | $319K | $202K | $359K | 42.8% | 1 |
| 2020 | $144K | $130K | N/A | — | 1 |
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