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Worcester Business Development Corp at a glanceAlso receives grants: funding profile →

· Public charity

Worcester Business Development Corp

The WORCESTER BUSINESS DEVELOPMENT CORPoration (wbdc) is a private, non- profit business organization with a public purpose mission to serve as an innovation and leading force in the economic development of the city of worcester and the region, resulting in job creation and tax base expansion.

$26k
Granted FY2024still arriving
2
Grants FY2024still arriving
1
States reached
$15k
Largest
01What it fundsRead
02The needRead
03Its fieldRead
01What it funds
01100% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2020 to 2024.

Community Improvement$60kHuman Services$50kPhilanthropy$28kPublic Benefit$25kRecreation & Sports$15k
02FY2024 · 2 grants

Where the money goes

Grants by size, and the largest recipients.

How this is measured
The 2 grants below total $25,000, the rows itemized in this filing. The $26,200 headline is the total grant expense on the return; the other $1,200 is giving the schedule does not break out (grants under the $5,000 itemization floor, grants to individuals, grants on other schedules). Every figure below describes the itemized rows only.
$15,000
Median grant
1
States reached
$20M
Total assets
Largest grants
RecipientAmount
WORCESTER RAILERS HC CHARITABLE$15,000
WORCESTER REGIONAL STRATEGIC$10,000
02The need
03

Does the money reach high-need areas?

Each grant placed by the hardship in its grantee’s ZIP, against the area’s typical level.

show:

Its human-services grants (FY20–21, $50k) land where the poverty rate runs at 11%, against an area that typically sits at 7%. 100% of those dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 7%YWCA OF CENTRAL MA: $25k → 11%YWCA OF CENTRAL MA: $25k → 11%0%20%40%50%more need →
grant to an above-average-need area below average· circle size = grant amount
How this is measured
Matched: human-services grants are those whose grantee’s IRS cause code is Human Services. Placed by people below the poverty line in the grantee’s ZIP, averaged from the tracts in that ZIP.
How this is measured
US grants placed by each grantee’s ZIP, which can differ from where services are delivered. Need from public data (U.S. Census/ACS, CDC PLACES, Eviction Lab, USDA), shown as context about the area, never attributed to the funder’s giving.
03Its field
04the grantee network

4 grantees tracked through their own filings, 2017–2025.

Each grant beside the grantee’s revenue from every source, year by year.

How this is measured

Counted here: distinct organizations funded across 2017 to 2025, not grant rows in a single year, so this will not match the grant count on the cover. 4 of the 5 grantees resolved in that span have returns of their own we could reconcile.

Each grantee is resolved to its own IRS returns. Association, dated; never a causal claim.

0
Load-bearing (≥25% of a budget)
0
Early backer (in before they grew)
4/4
Grantees still filing
2/4
Grew since first funded

Where the money sits, by cause and then by grantee

WORCESTER REGIONAL CHAMBER OF COMMERCE: $50,000 · OtherWORCESTER REGIONAL CHAMBER OF COMMERCEWORCESTER PUBLIC LIBRARY: $25,000 · OtherWORCESTER PUBLIC LIBRARYYWCA CENTRAL MASSACHUSETTS INC: $50,000 · Human ServicesYWCA CENTRAL MASSACHUSETTS INCWORCESTER RAILERS HC CHARITABLE FOUNDATION INC: $43,000 · PhilanthropyWORCESTER RAILERS HC CHARIT…WORCESTER REGIONAL STRATEGIC OPPORTUNITIES FOUNDATION: $10,000 · Arts & Culture
Other$75,000Human Services$50,000Philanthropy$43,000Arts & Culture$10,000

Each grantee by its size and the funder’s share of it; top left is load-bearing

25%50%75%100%$1.0M$10Mgrantee revenue →↑ funder's share of their budgetWORCESTER REGIONAL CHAMBER OF COMMERCE: $50,000 over 2y, 0.9% of budgetYWCA CENTRAL MASSACHUSETTS INC: $50,000 over 2y, 0.3% of budgetWORCESTER RAILERS HC CHARITABLE FOUNDATION INC: $43,000 over 3y, 9.1% of budgetWORCESTER REGIONAL STRATEGIC OPPORTUNITIES FOUNDATION: $10,000 over 1y, 0.2% of budget
Grantee by grantee: a decade per organization, before and after funding

A decade per grantee: revenue shaded, grants as bars, all rows on one timeline.

Co-funders

Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.

Fallon Community Heal…UMass Memorial Health…The Health Foundation…
Fallon Community Health Plan IncMA15.7× affinity5 shared granteesties to 2 of 2Hover any node to trace its alignments.Compare side by side →

Open a dossier: Fallon Community Health Plan Inc · UMass Memorial Health Care Inc (Parent) · The Health Foundation of Central Massach

How this is measured
Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. Overlap is association, not proof of shared intent.

How much its grantees rely on government

Each dot is one organization Worcester Business Development Corp funds: left to right is the share of its income from government, bottom to top the share from Worcester Business Development Corp. Bigger dots raise more.

2024
’20’21’22’23’24
no gov · 20%1%3%6%10%funder's share of their income ↑0%25%50%75%100%share of the org’s income from government →
    no gov moneyreceives it· size = income
    2get no government money at all
    2report government grants on their 990 we could not trace to a source (not plotted)
    0rely on government for over half their income
    typical government reliance, FY20–24
    How this is measured
    Government income is each org’s traced federal awards (USASpending grants and contracts) plus state payments (open checkbooks) as a share of its total revenue (IRS Form 990); the self-reported government-grant line (990 line 1e) is carried for cross-check: a grantee that reports government grants we could not trace to a source is left off the chart rather than shown as receiving none. An association, not a claim that a grant caused the public funding. Coverage is precision-first, a floor rather than a census; state records exist for 9 states, so a grantee outside them shows no state figure (dimmed) rather than a false zero. Federal award amounts are obligations, which can span years, so a single-year share is indicative. 990 filings lag 12 to 24 months.

    On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 5 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

    How this is measured
    Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

    Generated from the IRS Form 990 e-file return for fiscal year 2024, released 2024. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

    Possibly out of date. A more recent filing (FY2025) is on record and reports no grant expense, so the figures above are from FY2024, the most recent year this funder made grants.

    Source object · view filing

    Play a game based on Worcester Business Development’s filings →

    More from the funding graph

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