Mid-atlantic Broadband Communities Corporation is a 501(c)(4) organization based in South Boston, Virginia, registered in 2013, with $24,498,772 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$24.5M
▲ 28.8% vs prior year
Community median: $184K
Expenses (FY2024)
$22.3M
Net assets
$51.7M
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Mid-atlantic Broadband Communities Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Mid-atlantic Broadband Communities Corporation: 28 mo reserves · +9% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Mid-atlantic Broadband Communities Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Mid-atlantic Broadband Communities Corporation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Revenue grew from $10.1M (FY2014) to $24.5M (FY2024) across 11 reported years.
Financial snapshot
Operating margin
8.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$183.3M
Total liabilities
$131.5M
Net assets
$51.7M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $24,498,772▲28.8% | $22,317,815▲11.9% | $51,720,283▲4.4% | $183,253,177▲27.8% | 990 |
| 2023 | $19,027,098▲8.9% | $19,939,323▲10.6% | $49,539,326▼1.8% | $143,369,439▲38.1% | 990 |
| 2022 | $17,476,892▲4.7% | $18,034,342▲1.6% | $50,451,551▼1.1% | $103,844,542▲18.4% | 990 |
| 2021 | $16,699,414▼0.2% | $17,743,792▲5.5% | $51,009,001▼2.0% | $87,739,365▲1.9% | 990 |
| 2020 | $16,736,682▲20.4% | $16,820,656▲7.8% | $52,053,379▼0.2% | $86,074,221▲8.2% | 990 |
| 2019 | $13,896,975▲3.3% | $15,602,705▼4.0% | $52,137,353▼3.2% | $79,550,883▲3.7% | 990 |
| 2018 | $13,448,533▲0.2% | $16,254,397▲6.8% | $53,843,083▼5.0% | $76,737,393▼5.8% | 990 |
| 2017 | $13,423,956▼5.3% | $15,216,513▼3.1% | $56,648,947▼3.1% | $81,470,080▲3.4% | 990 |
| 2016 | $14,182,159▲31.5% | $15,697,469▲26.3% | $58,441,504▼2.5% | $78,790,006▲6.3% | 990 |
| 2015 | $10,787,076▲6.5% | $12,433,114▲4.4% | $59,956,814▼2.7% | $74,142,409▲0.8% | 990 |
| 2014 | $10,127,486 | $11,903,549 | $61,602,852 | $73,581,879 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Explore more
Data for Mid-atlantic Broadband Communities Corporation (EIN 27-0076588) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.