Economic Affairs Bureau Inc

Analysis

Economic Affairs Bureau Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in September 2022, 4 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Economic Affairs Bureau Inc reported income of $282k and spending of $219k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2017 to December 2023, income grew from $246k to $282k (+14%), an average of +3.4% a year. The sharpest change came in the year to December 2023, when income rose by 66%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Economic Affairs Bureau Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within MA. Charities of a similar size with the same main cause include Witnessing History Education Foundation Inc ($282k), Painted Sky Opera Inc ($282k) and Neville House Associates Inc ($282k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 7.9% of the total. Other salaries and wages came to $129k. At year end it held assets of $37k against liabilities of $25k, net assets of $12k. It reported 2 employees.