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New Bedford Economic Development Council Inc
Public Benefit · New Bedford, Massachusetts
1213 Purchase Street, New Bedford, MA 02740-6694
EIN: 043244024· Founded: Jan 1999· 27 years active· Filing Year: 2023
Annual Revenue
$3.4M
Total Expenses
$4.3M
Total Assets
$5.6M
Program Spending
6%
of expenses go to programs
Compensation & Payroll
Total Officer Compensation
$211K
4.9% of total expenses
All officers, directors, and key employees combined
Other Salaries & Wages
$488K
Total Payroll
$699K
16% of total expenses
Where the Money Goes
6%
Programs: 6%
Payroll: 16%
Other overhead: 94%
Program Revenue$247K (7%)
Total Expenses$4.3M (100%)
Payroll$699K (16%)
Overhead (non-program)94%
Trust Score Breakdown
Program Spending Ratio
6% of expenses go to programs
Revenue & Stability
$3.4M annual revenue
Executive Compensation
$211K total officer comp (4.9% of expenses)
Filing Recency
Most recent filing: 2023
Asset Strength
$5.6M in assets
Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.