ECONOMIC DEVELOPMENT COUNCIL OF WESTERN MASSACHUSETTS INC
Pub 78

ECONOMIC DEVELOPMENT COUNCIL OF WESTERN MASSACHUSETTS INC
Pub 78

Springfield, MA, US
501(c)
EIN
04-3237124
Regional Funder

ECONOMIC DEVELOPMENT COUNCIL OF WESTERN MASSACHUSETTS INC
Pub 78

Springfield, MA, US
501(c)
EIN
04-3237124
Regional Funder

Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$4,751,310

Program Services
79%
Government Grants
20%
Contributions
<1%
Investments
<1%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024

$4,718,850

Salaries & Benefits
82%
Grants
8%
Other
6%
Advertising & Promotion
2%
Offices, Occupancy & IT
<1%
Fees to Service Providers
<1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$0
$14,000
-
Government Grants
$398,465
$956,249
+140%
Fundraising Events
$0
$0
-
Program Services
$3,782,062
$3,769,932
0%
Membership Dues
$0
$0
-
Investments
$4,520
$9,079
+101%
Other
$0
$2,050
-
Total Revenues
$4,185,047
$4,751,310
+14%
Expenses
2023
2024
Change
Grants
$0
$396,886
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,809,569
$3,890,608
+2%
Fees to Service Providers
$27,000
$10,500
-61%
Advertising & Promotion
$41,449
$71,537
+73%
Offices, Occupancy & IT
$55,844
$42,987
-23%
Interest
$0
$0
-
Depreciation
$1,644
$1,582
-4%
Other
$251,128
$304,750
+21%
Total Expenses
$4,186,634
$4,718,850
+13%
Net income
2023
2024
Change
Net income
-$1,587
+$32,460
-2145%
Functional Expenses
Summary
2023
2024
Change
Program
-
-
-
Admin
-
-
-
Fundraising
-
-
-
Total Expenses
$4,186,634
$4,718,850
+13%
Income Statement
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