ECONOMIC DEVELOPMENT COUNCIL OF WESTERN MASSACHUSETTS INC

SPRINGFIELD, MA, 01103-1406 (413) 755-1306 Est. 1994 EIN 04-3237124
990 - Public charity return 501(c)(6)
www.westernmassedc.com

Mission

TO STIMULATE AND FACILITATE A VIGOROUS REGIONAL ECONOMY, ENCOURAGING AND SUSTAINING CAPITAL INVESTMENT AND QUALITY JOB GROWTH.

Giving Portfolio

Total Grants
7
Total Giving
$532K
Recipients
7
Years Active
2022 - 2024
Avg grant: $199,247 Median: $198,443

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
20241$372K $372K10
20226$160K $27K60

Sectors Funded

Human Services
2
Housing & Shelter
1
Education
1
Employment
1

Top States

Massachusetts
7

Grantee Size Profile

$10M - $50M
3
$1M - $5M
2
$500K - $1M
1

Top Grantees

Grants Awarded · 6 grants

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Financials

Total Revenue
$4,751,310
Total Expenses
$4,718,850
Net Assets
$551,305
53 employees 40 volunteers
From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve
1.4 months Low
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 13.5%
Expenses ↑ 12.7%
Revenue Sources
Contributions 20.4% Earned revenue 79.3% Investment 0.2%

Officers & Trustees (54)

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Filing History (5 filings)

YearRevenueExpensesNet Assets
2024 990 - Public charity return
Jan 1, 2024 to Dec 31, 2024
$4,751,310 ↑$4,718,850$551,305
2023 990 - Public charity return
Jan 1, 2023 to Dec 31, 2023
$4,185,047 ↓$4,186,634$518,845
2022 990 - Public charity return
Jan 1, 2022 to Dec 31, 2022
$5,832,128 ↑$5,674,030$520,432
2020 990 - Public charity return
Jan 1, 2020 to Dec 31, 2020
$4,232,037 ↑$4,224,905$245,860
2018 990 - Public charity return
Jan 1, 2018 to Dec 31, 2018
$4,147,304 $4,113,151$189,527

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EIN: 04-3237124 · Source: IRS Form 990 e-file data