Assets Down 4.3%, Revenue Up at Largest Mass. Nonprofits
Down up arrows

September 12, 2020 —The combined assets of the top 25 nonprofits in Massachusetts last year dropped 4.29% to $9.1 billion from the year before, a marked change from last year's 8.5% increase, according to a newly published ranking of the state’s largest nonprofits.

Total revenue for this year's top 25 nonprofits, however, increased 3.9%, according to the Boston Business Journal (BBJ), which ranked the largest Bay State nonprofits based on total assets, published yesterday.

New to the list this year were the New England Aquarium, ranked no. 25 with $83.4 million in assets, and Perkins School for the Blind, ranked no. 7 with $351.3 million in assets.

Dropped from this year's list were the Boston Symphony Orchestra (no. 6 last year) and Historic New England (no. 17 last year).

According to the new listing, Combined Jewish Philanthropies of Greater Boston (CJP) remained the largest nonprofit, with $1.7 billion in assets, up 6.2% from the year before.

The next largest nonprofits, in terms of assets, were, in order

The top revenue generating nonprofit in 2019, according to the BBJ, was Road Scholar, which posted $389.9 million in revenue, followed by:

Vinfen registered the largest year-to-year percentage increase in assets – up 30.4%, or $32.3 million, to $127.3 million in 2019.

Mass Audubon posted the largest percentage increase in revenue among the 25 nonprofits, up 38.8%, from $34.9 million in 2018 to $48.5 million last year.

Experiencing the largest asset decline, both in terms of percentage and dollars, was Seven Hills Foundation, which saw assets shrink by $129.5 million, or 60.7%, to $83.8 million in 2019.

The 23 largest Massachusetts nonprofits which reported number of employees, on average generated $147,689 in revenue per employee last year, down 2.0% from the prior year.

Asset and revenue data were voluntarily supplied by the organizations ranked and reflects totals for the most recent fiscal year for those nonprofits. Employee and volunteer data are as of Aug. 1, the BBJ reported.

Last year, a similar ranking of nonprofits, showed that the largest Massachusetts nonprofits, measured by total assets, generated average annual revenue of $150,788 per employee, which represented a 5.0% decrease from the year before.

Similar to the for-profit sector, revenue-per-employee in the nonprofit sector is influenced by the market served. More labor intensive organizations yield lower revenue-per-employee than less labor intensive nonprofits. In addition, the degree to which an organization depends on volunteers may enable it to rely on fewer paid staff.

Following are the 10 most intensive users of volunteers among the largest Massachusetts nonprofits, as indicated by volunteers per employee, for organizations reporting total numbers of volunteers and employees, published by the BBJ:

Organization
Volunteers
Employees
Volunteers
per Employee
Appalachian Mountain Club
4,800
45
106.7
Mass Audubon
11,456
224
51.1
Combined Jewish Philanthropies of Greater Boston
850
148
5.7
The Trustees
1,032
331
3.1
Museum of Fine Arts, Boston
1,200
485
2.5
GBH
1,500
827
1.8
Boys & Girls Clubs of Boston
414
266
1.6
Museum of Science, Boston
246
245
1.0
YMCA of Greater Boston
2,500
2,496
1.0
The Home for Little Wanderers
400
700
0.6