Central Square Business Improvement District Inc

Analysis

Central Square Business Improvement District Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in June 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 June 2023, Central Square Business Improvement District Inc reported income of $2.6m and spending of $2.6m, spending 103% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.5m to $2.6m (+75%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 85%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Central Square Business Improvement District Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MA. Charities of a similar size with the same main cause include Southeast Kentucky Economic Development Corporation Inc ($2.6m), Commercial Employees Local 94-94a Training Program ($2.6m) and Cangress ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 53% of the total. Other salaries and wages came to $437k. At year end it held assets of $984k against liabilities of $817k, net assets of $167k. It reported 5 employees.