Cape Cod Blue Economy Foundation Inc

Analysis

Cape Cod Blue Economy Foundation Inc is a registered charity in United States, based in Centerville, MA. It received its IRS tax-exemption ruling in December 2018, 8 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, Cape Cod Blue Economy Foundation Inc reported income of $157k and spending of $224k, spending 143% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $515k to $157k (-70%), an average of -70% a year. The sharpest change came in the year to December 2023, when income dropped by 70%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cape Cod Blue Economy Foundation Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 53rd percentile within MA. Charities of a similar size with the same main cause include South Dakota State Head Start Association ($157k), Whats Next Washington ($157k) and Leavenworth Main Street Program Inc ($157k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.8% and program service revenue 92% of the total. At year end it held assets of $43k against liabilities of $39k, net assets of $4,357.