Brewery Development Co of Jamaica Plain

Analysis

Brewery Development Co of Jamaica Plain is a registered charity in United States, based in Jamaica Plain, MA. It received its IRS tax-exemption ruling in June 1985, 41 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 suspense under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Brewery Development Co of Jamaica Plain reported income of $3.4m and spending of $3.2m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $3.4m (+45%), an average of +9.8% a year. The sharpest change came in the year to December 2020, when income rose by 58%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Brewery Development Co of Jamaica Plain sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MA. Charities of a similar size with the same main cause include Southwest Mississippi Opportunity Inc ($3.4m), Northern Illinois Electrical Joint Apprenticeship and Training Trust ($3.4m) and Greater Boston Manufacturing Partnership Inc ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.0% and program service revenue 91% of the total. At year end it held assets of $17.7m against liabilities of $5.6m, net assets of $12.1m.