Cambridge Economic Opportunity Committee Inc

Analysis

Cambridge Economic Opportunity Committee Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in May 1965, 61 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Cambridge Economic Opportunity Committee Inc reported income of $2.3m and spending of $2.4m, spending 107% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.1m to $2.3m (+109%), an average of +20% a year. The sharpest change came in the year to September 2021, when income rose by 56%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cambridge Economic Opportunity Committee Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include The Caring Place ($2.3m), Southeast Asian Coalition of Central Mass Inc ($2.3m) and Eagle Condor Foundation ($2.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $116k (4.8% of expenses). Other salaries and wages came to $879k. At year end it held assets of $1.7m against liabilities of $280k, net assets of $1.4m. It reported 17 employees.