From public IRS filings
MASSCHALLENGE
BOSTON, MA · Community Improvement
Mission
THE MISSION OF MASSCHALLENGE IS TO HELP ENTREPRENEURS LAUNCH AND GROW SUCCESSFUL ENTERPRISES. WE DO IT THROUGH SPONSORING A $1M STARTUP COMPETITION TO CATALYSE BUSINESS AND JOB CREATION IN MASSACHUSETTS AND RUNNING A 4 MONTH ACCELERATOR PROGRAM TO CONNECT ENTREPRENEURS WITH THE RESOURCES NEEDED TO GROW THEIR ENTERPRISES.
Financials (IRS Form 990)
Total revenue
$7.8M
Total expenses
$9.7M
Total assets
$5.3M
Program expense ratio
56%
Source: IRS Form 990, tax year 2024.
Who funds MASSCHALLENGE
$5.1M in foundation grants on record from 21 funders — matched from IRS 990 grant line items. Some matches may be approximate.
| Funder | Total given | Grants |
|---|---|---|
| Combined Jewish Philanthropies of Greater Boston | $1.6M | 4 |
| Jpmorgan Chase Foundation | $700K | 2 |
| Denver Foundation | $550K | 3 |
| Boston Foundation | $483K | 4 |
| Fidelity Investments Charitable Gift Fund | $358K | 4 |
| Fidelity Foundation | $250K | 2 |
| Boger Family Foundation Inc C/O Nutter Mcclennen & Fish Llp | $220K | 3 |
| Edgerley Family Foundation | $200K | 2 |
| Center for the Advancement of Science in Space | $150K | 3 |
| Dallas Foundation | $135K | 2 |
Leadership
LISA MCLAUGHLIN — COO (Principal officer)
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