Quaboag Valley Business Assistance Corporation

Analysis

Quaboag Valley Business Assistance Corporation is a registered charity in United States, based in Ware, MA. It received its IRS tax-exemption ruling in December 1995, 31 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 June 2023, Quaboag Valley Business Assistance Corporation reported income of $219k and spending of $203k, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $276k to $219k (-21%), an average of -5.6% a year. The sharpest change came in the year to June 2022, when income rose by 576%. Over the whole period it spent 58% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Quaboag Valley Business Assistance Corporation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within MA. Charities of a similar size with the same main cause include Rockland District Nursing Assn Inc ($219k), PTA California Congress of Parents Teachers & Students Inc ($219k) and Denver Philharmonic Orchestra ($219k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 19% of the total. At year end it held assets of $2.3m against liabilities of $256k, net assets of $2.0m.