South Boston Community Development Foundation Inc

Analysis

South Boston Community Development Foundation Inc is a registered charity in United States, based in South Boston, MA. It received its IRS tax-exemption ruling in August 2010, 16 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 December 2023, South Boston Community Development Foundation Inc reported income of $355k and spending of $229k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2018 to December 2023, income grew from $324k to $355k (+9.6%), an average of +2.3% a year. The sharpest change came in the year to December 2023, when income rose by 342%. Over the whole period it spent 78% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, South Boston Community Development Foundation Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within MA. Charities of a similar size with the same main cause include East Somerville Main Street Inc ($355k), Business Capacity Development Alliance Inc ($356k) and Bayside Village Business Improvement District Inc ($355k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $303k against liabilities of $5,950, net assets of $297k.