Gnemsdc Massachusetts Advisors Inc

Analysis

Gnemsdc Massachusetts Advisors Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in December 2020, 6 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, Gnemsdc Massachusetts Advisors Inc reported income of $85k and spending of $85k, spending 100% of its income. Across the 3 years on record, from December 2020 to December 2023, income grew from $62k to $85k (+36%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 48%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Gnemsdc Massachusetts Advisors Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 40th percentile within MA. Charities of a similar size with the same main cause include Oregon Small Business Association Foundation ($85k), Faith Foundation Resources ($85k) and Bethesda Farm ($85k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.