Metrowest Nonprofit Network Inc

Analysis

Metrowest Nonprofit Network Inc is a registered charity in United States, based in Framingham, MA. It received its IRS tax-exemption ruling in February 2011, 15 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, Metrowest Nonprofit Network Inc reported income of $249k and spending of $251k, spending 101% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $268k to $249k (-7.3%), an average of -3.7% a year. The sharpest change came in the year to December 2023, when income dropped by 24%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Metrowest Nonprofit Network Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within MA. Charities of a similar size with the same main cause include Downtown West Orange Alliance Inc ($249k), Minnesota Africans United ($249k) and Tie Foundation ($249k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $69k (27% of expenses). Other salaries and wages came to $26k. At year end it held assets of $150k against liabilities of $0, net assets of $150k. It reported 3 employees.