Worcester Regional Research Bureau Inc

Analysis

Worcester Regional Research Bureau Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in February 1986, 40 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Worcester Regional Research Bureau Inc reported income of $495k and spending of $560k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $356k to $495k (+39%), an average of +8.6% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Worcester Regional Research Bureau Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within MA. Charities of a similar size with the same main cause include Affiliate Chief Executives Council Inc ($495k), De L Epee Deaf Center ($495k) and Teleios ($495k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $167k (30% of expenses). Other salaries and wages came to $216k. At year end it held assets of $1.5m against liabilities of $171k, net assets of $1.3m. It reported 5 employees.