Sustainable Business Network of Massachusetts Inc

Analysis

Sustainable Business Network of Massachusetts Inc is a registered charity in United States, based in Wayland, MA. It received its IRS tax-exemption ruling in May 2021, 5 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sustainable Business Network of Massachusetts Inc reported income of $493k and spending of $418k, spending 85% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $166k to $493k (+198%), an average of +44% a year. The sharpest change came in the year to December 2021, when income rose by 122%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sustainable Business Network of Massachusetts Inc sits at the 67th percentile: it is larger than about 67% 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 American Golf Foundation ($493k), Oregon Head Start Assocation ($494k) and Hispanic Management Organization Inc ($493k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 16% of the total. Other salaries and wages came to $154k. At year end it held assets of $156k against liabilities of $111k, net assets of $46k. It reported 10 employees.