Public Charity

MASSCHALLENGE INC

Based in BOSTON, MA, MASSCHALLENGE INC operates as a Public Charity. The organization reported $7.8M in revenue, $9.7M in expenses, $5.3M in total assets for fiscal year 2024. Imperigo tracks 71 reported grant relationships connected to this organization totaling approximately $11.6M.

EIN: 270382989 BOSTON, MA Small Business Development NTEE: S43 Latest filing: 2024
Total Revenue$7.8M
Total Expenses$9.7M
Total Assets$5.3M
Grant Records71
Funding Total$11.6M
Filing Years2019–2024

Mission

TO CONNECT ENTREPRENEURS WITH THE RESOURCES THEY NEED TO LAUNCH AND SUCCEED IMMEDIATELY.THE PRIMARY ACTIVITIES INCLUDE RUNNING AN ANNUAL GLOBAL STARTUP COMPETITION, DOCUMENTING AND ORGANIZING KEY RESOURCES, AND ORGANIZING TRAINING AND NETWORKING EVENTS AND RUNNING A 4 MONTH ACCELERATOR PROGRAM DESIGNED TO HELP STARTUPS GROW.

Where $100 goes at Masschallenge Inc

How Masschallenge Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$66 Programs the work itself
$17 Management running the organization
$17 Fundraising raising the next dollar

Inside the $66 for programs

$66
Ran a global startup competition in Boston, ma with 4000+ applicants from across the us and the world.Selected 400 companies to enter a 4 month accelerator program.The 400…
All program spending · Reported in the filing: 400 mentors
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

SERIOR DIRECTOR OF FINANCE Angel Ugalde Flores
VP OF MARKETING & COMMUNIC Bryetta Calloway
CEO/PRESIDENT Caitlin Brumme
SENIOR DIRECTOR OF DEVELOPMENT Christine Casalini Ended 101824
DIRECTOR Craig Lewis
HEAD OF NEXT PRACTICE & IN Damon Cox Ended 061424

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$4,330,590 38 grants
Economic Development
$3,403,100 19 grants
Fundraising & Sponsorship
$1,964,000 7 grants
Human & Social Services
$1,585,400 5 grants
Health & Medicine
$360,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $7.8M $9.7M $5.3M
2023 $10.3M $11.2M $8.7M
2022 $10.2M $11.1M $9.8M
2020 $14.1M $13.9M $6.4M
2019 $14.3M $15.8M $5.5M

Between 2019 and 2024, reported annual revenue declined from $14.3M to $7.8M (-45%), with total assets most recently reported at $5.3M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for MASSCHALLENGE INC

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