Needham Community Council Inc

Analysis

Needham Community Council Inc is a registered charity in United States, based in Needham, MA. It received its IRS tax-exemption ruling in August 1973, 53 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Needham Community Council Inc reported income of $2.0m and spending of $1.1m, leaving 47% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $639k to $2.0m (+215%), an average of +33% a year. The sharpest change came in the year to June 2023, when income rose by 103%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Needham Community Council Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include Congressional Progressive Caucus Center ($2.0m), Friends of Santa Cruz County Parks ($2.0m) and Coachella Valley Repertory ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 15% of the total. Other salaries and wages came to $541k. At year end it held assets of $5.0m against liabilities of $11k, net assets of $5.0m. It reported 17 employees.