Edc 413works Inc

Analysis

Edc 413works Inc is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in November 2021, 5 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Edc 413works Inc reported income of $767k and spending of $778k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $336k to $767k (+128%), an average of +128% a year. The sharpest change came in the year to December 2023, when income rose by 128%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Edc 413works Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MA. Charities of a similar size with the same main cause include Progress Trust Inc ($767k), Bikur Cholim of Greater Washington Inc ($767k) and Roanoke Economic Development Incorporated ($766k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.9% of the total. At year end it held assets of $491k against liabilities of $330k, net assets of $161k.