New England Bangladash American Foundation Inc

Analysis

New England Bangladash American Foundation Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in October 2012, 14 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, New England Bangladash American Foundation Inc reported income of $70k and spending of $125k, spending 178% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $19k to $70k (+264%), an average of +38% a year. The sharpest change came in the year to December 2021, when income rose by 356%. Over the whole period it spent 65% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New England Bangladash American Foundation Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 36th percentile within MA. Charities of a similar size with the same main cause include Pioneer Housing Project I ($70k), Good Neighbor Shop ($70k) and Foundations for Freedom Inc ($70k).

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 $650k against liabilities of $461k, net assets of $189k.