WORCESTER BUSINESS DEVELOPMENT CORP, of WORCESTER, MA, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $1.8M in revenue, $1.8M in expenses, $19.7M in total assets. IRS filings disclose 9 grants awarded by this foundation, totaling roughly $178K.
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.
How Worcester Business Development Corp divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Showing up to 5 of 9 total records — full history available with membership.
Officer compensation and complete director data available with membership.
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $1.8M | $1.8M | $19.7M |
| 2024 | $2.0M | $1.7M | $18.9M |
| 2023 | $1.8M | $1.8M | $18.0M |
| 2022 | $1.9M | $1.7M | $17.2M |
| 2021 | $2.0M | $2.9M | $18.4M |
Between 2021 and 2025, reported annual revenue declined from $2.0M to $1.8M (-11%), with total assets most recently reported at $19.7M.
Interactive year-over-year charts and full filing details available with membership.
Grants from this foundation were reported to recipients in MA.
Full geographic grant map with state-by-state breakdown available with membership.
