Downtown Boston Business Improvement

Community development organization based in Boston, MA. 15 employees. Exempt under §501(c)(6).

MissionTO CREATE A CLEAN, WELCOME, AND VIBRANT ENVIRONMENT THAT WILL INCREASE BUSINESS ACTIVITY IN THE DOWNTOWN BOSTON AREA, INCLUDING DOWNTOWN CROSSING, THE LADDER DISTRICT, AND PARTS OF THE THEATER AND FINANCIAL DISTRICTS.

EIN
27-3596446
State
MA
Sector
Community development
Budget band
$2.5M–$5M
Latest filing
TY 2023
Records
1 officers · 5 years

Financial snapshot · TY 2023

$3.7M
Total revenue
$3.9M
Total expenses
$5.2M
Net assets

Financial health · TY 2023

61
Moderate financial health
Composite score out of 100 based on reserve ratio, program efficiency, and revenue diversification.
Reserve ratio
59
10.6 months of expenses
Program efficiency
91
86.2% spent on programs
Revenue diversity
5
Mix of program fees, grants & contributions

Leadership compensation

Michael Nichols
PRESIDENT & CEO
$126,303
10th percentile vs. peers

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