E B C D C Inc

Analysis

E B C D C Inc is a registered charity in United States, based in East Boston, MA. It received its IRS tax-exemption ruling in August 1980, 46 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 December 2023, E B C D C Inc reported income of $6.8m and spending of $6.5m, spending 95% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.4m to $6.8m (+397%), an average of +38% a year. The sharpest change came in the year to December 2019, when income rose by 414%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, E B C D C Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include Gulf Coast Trades Center ($6.8m), Kids Corps Inc ($6.8m) and Catholic Charities Legal Services Archdiocese of Miami Inc ($6.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $1.2m (19% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $63.3m against liabilities of $36.2m, net assets of $27.1m. It reported 71 employees.