Westborough Connects Inc

Analysis

Westborough Connects Inc is a registered charity in United States, based in Westborough, MA. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Westborough Connects Inc reported income of $127k and spending of $116k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $91k to $127k (+40%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Westborough Connects Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 49th percentile within MA. Charities of a similar size with the same main cause include Friends of the Chief Foundation ($127k), Southgate Band Boosters ($127k) and Outsiders House Museum Association ($127k).

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 $63k against liabilities of $0, net assets of $63k.