Downtown New Bedford Inc

Organization Overview

Downtown New Bedford Inc is located in New Bedford, MA. The organization was established in 1994. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown New Bedford Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2022, Downtown New Bedford Inc generated $23.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (21.2%) each year. All expenses for the organization totaled $30.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (18.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990EZ Filing

TAX YEAR

2022

Describe the Organization's Program Activity:

Part 3

TO PROMOTE THE HISTORIC PRESERVATION, PROTECTION AND USE OF THE NEW BEDFORD, MA TRADITIONAL DOWNTOWN AREA.


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Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$12,780
Total Program Service Revenue$9,750
Membership dues$0
Investment income $6
Gain or Loss$0
Net Income from Gaming & Fundraising$0
Other Revenue$1,280
Total Revenue$23,816

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Downtown New Bedford Inc has recieved totaling $30,000.

Awarding OrganizationAmount
New Bedford Economic Development Council Inc

New Bedford, MA

PURPOSE: ECONOMIC DEVELOPMENT SUPPORT

$15,000
New Bedford Economic Development Council Inc

New Bedford, MA

PURPOSE: ECONOMIC DEVELOPMENT SUPPORT

$15,000
View Grant Recipient Profile

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