Boston Square Hwec

Analysis

Boston Square Hwec is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in May 2023, 3 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 ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Boston Square Hwec reported income of $2.1m and spending of $20k, leaving 99% of income unspent that year. Over the whole period it spent 1.0% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Boston Square Hwec sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within MI. Charities of a similar size with the same main cause include Center for Excellence in Health Care Journalism ($2.1m), Elizabeth Development Company of New Jersey ($2.1m) and Authority Redevelopment Corporation ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $31.2m against liabilities of $29.1m, net assets of $2.1m.