Edc 413works INC
Promotes economic opportunity and growth to improve quality of life in Western Massachusetts. For fiscal year 2024 it reported $858K in revenue, $830K in expenses, and $189K in net assets.Pt I
- Type
- Supporting organization · Community Development
- Location
- Springfield, MA
- Filings
- 4 on file (2021–2024)
More identity details & actions ⌄
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Summary of the Filing
Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
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Where the work happens
Assisted the economic development council of ma with its springfield WORKS/WORKING cities program the goal of which is to increase the labor force participation of various cities in western massachusetts, and create the conditions for economic mobility.
Anchor collaborative- edc 413WORKS partnered with baystate health system, which is also a 501(c)(3) organization to increase local procurement opportunities for women and minority owned businesses and to propel hiring and career pathways for minority and low income populations.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 92% | — | — |
| Overhead ratio | 4% | — | — |
| Fundraising cost ratio | 4% | — | — |
| Revenue growth | 12% | — | — |
| Accounting fee ratio | 2% | — | — |
| Fundraising fee ratio | 2% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Filings & Schedule Manifest
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Sources
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