Economic Stimulus Projects for Work and Action

Analysis

Economic Stimulus Projects for Work and Action is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in September 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Economic Stimulus Projects for Work and Action reported income of $81k and spending of $129k, spending 159% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $231k to $81k (-65%), an average of -41% a year. The sharpest change came in the year to December 2022, when income dropped by 66%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Economic Stimulus Projects for Work and Action sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 39th percentile within MA. Charities of a similar size with the same main cause include Submersion14 Inc ($81k), Napa Valley Cando ($81k) and RH Reliable Financial Solutions Inc ($81k).

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 $56k against liabilities of $0, net assets of $56k.