50 50 Startups Inc

Analysis

50 50 Startups Inc is a registered charity in United States, based in Brookline, MA. It received its IRS tax-exemption ruling in May 2019, 7 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, 50 50 Startups Inc reported income of $117k and spending of $136k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $82k to $117k (+42%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, 50 50 Startups Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 47th percentile within MA. Charities of a similar size with the same main cause include Arab American Friendship Center ($117k), El Puente Hispano ($117k) and City Urban Revitalization Corporation ($117k).

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 $52k against liabilities of $0, net assets of $52k.