DOWNTOWN WORCESTER BUSINESS IMPROVEMENT Charity Report

Public IRS 990 nonprofit record

DOWNTOWN WORCESTER BUSINESS IMPROVEMENT

EIN 83-2860571 · Economic Development (S30)

What they do

to DEVELOP, IMPLEMENT, MANAGE, OPERATE, ENHANCE and PROMOTE THE GENERAL WELFARE of THE PEOPLE WITHIN THE DESIGNATED DOWNTOWN WORCESTER BUSINESS IMPROVEMENT DISTRICT (THE DISTRICT), THROUGH ACTIVITIES, PROGRAMS, and SERVICES to INCLUDE BUT NOT BE LIMITED to MARKETING, MAINTENANCE, SECURITY, PLANNING, and PHYSICAL IMPROVEMENTS to THE DISTRICT ALL BEING SUPPLEMENTAL to THOSE PROVIDED BY THE CITY of WORCESTER.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $82.40 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders11 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

95.79%of revenue went to mission work82.4% of expenses · Program services

1.24%of revenue went to fundraising1.1% of expenses

$116.30spent for every $100 of revenueSpending was higher than revenue this year.

19.27%of revenue went to management and office costs16.6% of expenses

$0.59in assets for every $1 spent this yearSome assets cannot be spent right away.

17.6%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $243,976 this year. Ask whether that was planned or caused by a one-time event.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,496,633

Mission workProgram services$1,433,62595.79% of revenue82.4% of expenses

ManagementOffice and general costs$288,38519.27% of revenue16.6% of expenses

FundraisingAsking for donations$18,5991.24% of revenue1.1% of expenses

Total expenses$1,740,609116.30% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 82.4% mission · 16.6% management · 1.1% fundraisingTotal expenses: 116.30% of revenue

2023Expense mix: 79.6% mission · 19.1% management · 1.3% fundraisingTotal expenses: 98.47% of revenue

2022Expense mix: 81.5% mission · 17.0% management · 1.5% fundraisingTotal expenses: 81.73% of revenue

2021Expense mix: 85.8% mission · 13.7% management · 0.5% fundraisingTotal expenses: 92.98% of revenue

2020Expense mix: 88.9% mission · 10.7% management · 0.4% fundraisingTotal expenses: 96.22% of revenue

2019Expense mix: 83.4% mission · 16.3% management · 0.3% fundraisingTotal expenses: 76.00% of revenue

2018Expense mix: 69.1% mission · 30.9% management · 0.0% fundraisingTotal expenses: 22.38% of revenue

Money in and money out

Revenue$1,496,633

Expenses$1,740,609

Annual shortfall $243,976 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,433,625 · 82.4% of expenses

Management and office costs$288,385 · 16.6% of expenses

Fundraising$18,599 · 1.1% of expenses

See all reported dollar amounts

Revenue$1,496,633

Expenses$1,740,609

Assets$1,034,255

Income$1,496,633

Contributions$263,552

Mission work (program services)$1,433,625

Fundraising$18,599

Management and general$288,385

Executive compensation (total)$114,809

Accounting fees$14,750

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (11)

EVELYN CABRERADIRECTOR

JOFFREY SMITHDIRECTOR

JULIAN WADECHAIR

JULIE HOLSTROMVICE CHAIR

MARGARET WONGDIRECTOR

MARK BORENSTEINDIRECTOR

MARY SIMONECLERK

PAUL MORANODIRECTOR

SEAN HARRISDIRECTOR

SETH PITTSDIRECTOR

TROY SIEBELSTREASURER

About this charity

Recognized since: January 2019
Location: 44 PORTLAND STREET 3RD FLOOR, WORCESTER, MA 01608
County: Worcester
In care of: JULIAN WADE
Primary officer: JULIAN WADE, CHAIR

How to reach them

WebsiteVisit the charity’s website Emailinfo@downtownworcester.org Phone(508) 622-3050

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: OCONNOR MALONEY & CO CPAS
NTEE classification: Economic Development (S30)
IRS tax category: Economic Development