MASSCHALLENGE INC
MASSCHALLENGE INC
MASSCHALLENGE INC
AI Summary
MASSCHALLENGE INC is a nonprofit organization focused on entrepreneurship, dedicated to helping entrepreneurs launch and grow successful enterprises in Massachusetts. With an operating budget of $9.5 million and total revenue of $7.8 million for the 2024 filing year, the organization sponsors a $1 million startup competition and runs a four-month accelerator program to connect entrepreneurs with essential resources. Notably, MASSCHALLENGE does not rely on a single funder for 50% or more of its revenue. For more information, visit www.masschallenge.org.
Mission Statement
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.
Cause Areas
1
Entrepreneurship
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Frequently Asked Questions
What is MASSCHALLENGE INC’s budget?
In 2024, MASSCHALLENGE INC reported an annual operating budget of around $9.5 million. More detailed financial information is available to registered users.
What causes does MASSCHALLENGE INC support?
MASSCHALLENGE INC supports work in Entrepreneurship.
Where does MASSCHALLENGE INC operate?
MASSCHALLENGE INC is headquartered in BOSTON, MA.
Who funded MASSCHALLENGE INC recently?
In 2025, MASSCHALLENGE INC received grants from Boston Foundation, Inc, BLANCHARD ARTHUR F TR UAGREE, and Boston Foundation, Inc. More information on this organization’s funders is available to registered users.
What is the largest grant MASSCHALLENGE INC received in 2024?
The largest grant to MASSCHALLENGE INC in 2024 exceeds $305 thousand.
What is MASSCHALLENGE INC’s reliance on government grants?
MASSCHALLENGE INC relied on government grants for less than 5% of their total revenue in 2024.