W โ€” Public & Societal BenefitEIN: 043244024ยท Ruling Year: 1999

New Bedford Economic Development Council Inc

New Bedford, Massachusetts

A-Health Score
77A-

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Very Good

๐Ÿ’ฐ
$3.4M
Total Revenue
๐Ÿ“Š
$4.3M
Total Expenses
๐Ÿฆ
$4.1M
Net Assets
๐Ÿ“‹
$1.5M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+17.1%
Year-over-year change (2022 โ†’ 2023)
Net Margin
-27.1%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.96
Net assets divided by total expenses
Liabilities-to-Assets
26.3%
Total liabilities as % of total assets

Filing History

12 filings on record
YearRevenueExpensesAssets
2023$3,383,460โ†‘17%$4,299,183โ†‘114%$5,597,517โ†“11%
2022$2,890,059โ†‘19%$2,008,196โ†‘13%$6,271,809โ†‘25%
2021$2,421,458โ†‘90%$1,771,112โ†‘40%$5,015,436โ†‘13%
2020$1,273,044โ†‘5%$1,267,294โ†‘5%$4,424,515โ†‘1%
2019$1,215,666โ†“2%$1,203,724โ†“2%$4,374,786โ†“2%
2018$1,234,881โ†‘24%$1,225,198โ†‘24%$4,485,919โ†“3%
2017$999,457โ†“34%$990,284โ†“34%$4,623,547โ†“11%
2016$1,512,972โ†“16%$1,489,738โ†“16%$5,205,757โ†“3%
2015$1,811,658โ†‘28%$1,782,509โ†‘26%$5,344,440โ†“1%
2014$1,420,033โ†‘14%$1,412,374โ†‘14%$5,421,533โ†“8%
2013$1,247,639โ†‘24%$1,241,765โ†‘2%$5,879,308โ†‘3%
2012$1,002,745$1,217,915$5,699,924

Frequently Asked Questions

What does New Bedford Economic Development Council Inc do?โ–ผ

New Bedford Economic Development Council Inc is a public & societal benefit nonprofit organization based in Massachusetts. It is classified under NTEE code W20 and is registered as a 501(c) tax-exempt organization with the IRS.

Is New Bedford Economic Development Council Inc financially healthy?โ–ผ

Based on our 9-metric Financial Health Score model, New Bedford Economic Development Council Inc has a score of 77/100 (Grade: A-). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does New Bedford Economic Development Council Inc generate?โ–ผ

New Bedford Economic Development Council Inc reports $3.6M in annual revenue and holds $5.7M in total assets, based on IRS filings.

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New Bedford Economic Development Council Inc โ€” New Bedford, MA | GiveScope