Neighborhood Association of the Back Bay Inc

Analysis

Neighborhood Association of the Back Bay Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in June 1983, 43 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 May 2024, Neighborhood Association of the Back Bay Inc reported income of $182k and spending of $161k, spending 89% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $162k to $182k (+13%), an average of +3.0% a year. The sharpest change came in the year to May 2022, when income rose by 48%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Neighborhood Association of the Back Bay Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within MA. Charities of a similar size with the same main cause include Hartford Next Inc ($182k), Gordon Square Arts District - Cleveland Improvement Corporation ($182k) and Albia Industrial Development Corporation ($182k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $72k (44% of expenses). At year end it held assets of $1.3m against liabilities of $8,278, net assets of $1.2m. It reported 1 employees.