Waban Improvement Society Inc

Analysis

Waban Improvement Society Inc is a registered charity in United States, based in Waban, MA. It received its IRS tax-exemption ruling in December 2006, 20 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, Waban Improvement Society Inc reported income of $53k and spending of $47k, spending 88% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $40k to $53k (+32%), an average of +32% a year. The sharpest change came in the year to June 2024, when income rose by 32%. Over the whole period it spent 117% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Waban Improvement Society Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 30th percentile within MA. Charities of a similar size with the same main cause include Washington Square West Civic Association ($53k), Terre Haute Womens Club Inc ($53k) and Grow Dubois County Inc ($53k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 83% and program service revenue 17% of the total. At year end it held assets of $63k against liabilities of $0, net assets of $63k.