Fields Corner Main Street Inc

Analysis

Fields Corner Main Street Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in February 2007, 19 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 June 2024, Fields Corner Main Street Inc reported income of $258k and spending of $128k, leaving 50% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $163k to $258k (+58%), an average of +58% a year. The sharpest change came in the year to June 2024, when income rose by 58%. Over the whole period it spent 65% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Fields Corner Main Street Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within MA. Charities of a similar size with the same main cause include Inspire Excellence Inc ($257k), W B N a Inc ($258k) and Executive Alliance Inc ($257k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 29% and program service revenue 71% of the total. Other salaries and wages came to $83k. At year end it held assets of $174k against liabilities of $0, net assets of $174k. It reported 2 employees.