Overview

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Est.

2015

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

MASSROBOTICS INC is a nonprofit organization dedicated to fostering the growth of the next generation of robotics and connected device companies by providing essential workspace and resources to entrepreneurs and innovative startups. With an operating budget of $4.2 million and total revenue of $4 million for the 2024 filing year, the organization plays a crucial role in supporting the development, prototyping, testing, and commercialization of robotics solutions. Notably, it does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base to sustain its mission. More information can be found on their website at www.massrobotics.org.

Mission Statement

THE MISSION OF THE ORGANIZATION IS TO HELP CREATE AND SCALE THE NEXT GENERATION OF SUCCESSFUL ROBOTICS AND CONNECTED DEVICE COMPANIES BY PROVIDING ENTREPRENEURS AND INNOVATIVE ROBOTICS/AUTOMATION STARTUPS WITH THE WORKSPACE AND RESOURCES THEY NEED TO DEVELOP, PROTOTYPE, TEST AND COMMERCIALIZE THEIR PRODUCTS AND SOLUTIONS.
Revenues
$4M
Expenses
$4.2M
Net Income:
-$208.7K
Assets
$15.5M
Liabilities
$11.6M
Net Assets:
+$3.9M
Operating Budget
$4.2M
Operating Budget by Year

Due Diligence

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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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Total No. of Grants
4
Median grant size
$10.1K
Largest grant received
$33.3K
T
Thomas Ryden
Board Member
T
Thomas Hopcroft
Board Member
C
Colin Angle
Board Member

Frequently Asked Questions

What is MASSROBOTICS INC’s budget?
In 2024, MASSROBOTICS INC reported an annual operating budget of around $4.2 million. More detailed financial information is available to registered users.
What causes does MASSROBOTICS INC support?
MASSROBOTICS INC supports work in Student services.
Where does MASSROBOTICS INC operate?
MASSROBOTICS INC is headquartered in Boston, MA.
Who funded MASSROBOTICS INC recently?
In 2024, MASSROBOTICS INC received grants from OneWorld Boston Inc, ANALOG DEVICES FOUNDATION, and GREATER HORIZONS. More information on this organization’s funders is available to registered users.
What is the largest grant MASSROBOTICS INC received in 2024?
The largest grant to MASSROBOTICS INC in 2024 exceeds $33 thousand.
What is MASSROBOTICS INC’s reliance on government grants?
MASSROBOTICS INC relied on government grants for more than 10% of their total revenue in 2024.