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Edc 413works Inc

EIN 86-1491313 · Springfield, MA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair57 out of 100GovernanceGood73 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO CARRY OUT THE CHARITABLE PURPOSES OF THE ECONOMIC DEVELOPMENT COUNCIL OF WESTERN MASSACHUSETTS, INC. BY IDENTIFYING AND ADDRESSING COMMUNITY & REGIONAL PROBLEMS IN THE AREAS OF WORKFORCE DEVELOPMENT, HEALTH CARE AND FINANCIAL LITERACY, ESPECIALLY IN MINORITY COMMUNITIES AND NEIGHBORHOODS OF POVERTY.

Income
$858,049
Spending
$830,113
Spent on programs
92%
Reserves
2.7 months of spending
Largest source of income
government grants, 53%
Employees
0
Volunteers
2
Highest pay
$198,043, clerk & exec. director

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 57 out of 100. Higher than 26% of charities in its peer group (community improvement, $250k to $1m).

  • Reserves

    10 of 35

    Spendable reserves would cover 2.7 months of spending.

  • Debt

    2 of 20

    It owes 77% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 3% of income.

  • Income trend

    15 of 15

    Income rose 12% on the year before.

  • Spending floor

    15 of 15

    92% of spending went to programs and raising each dollar of donations cost 4 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 73 out of 100. Higher than 45% of charities in its peer group (community improvement, $250k to $1m).

  • Independent board

    18 of 25

    2 of 3 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (2)
  1. $726,861 spent. 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. THE PROGRAM AIMED TO IMPROVE WORKFORCE SYSTEMS, CREATE NEW FRAMEWORKS TO GUIDE THE WORKFORCE SYSTEM, INFLUENCE EMPLOYER HIRING AND WORKER ADVANCEMENT PRACTICES, AND IMPROVE THE EFFECTIVENESS OF TRAINERS WORKING TO ENHANCE THE SKILLS OF LOW-INCOME JOB SEEKERS.
  2. $35,300 spent. 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.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since November 2021.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.