Northeast Occupational Exchange Inc

Analysis

Northeast Occupational Exchange Inc is a registered charity in United States, based in Bangor, ME. It received its IRS tax-exemption ruling in March 1977, 49 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Northeast Occupational Exchange Inc reported income of $1.6m and spending of $1.3m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.6m to $1.6m (-2.8%), an average of -0.7% a year. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Northeast Occupational Exchange Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 82nd percentile within ME. Charities of a similar size with the same main cause include 757 Accelerate Inc ($1.6m), Washington Park Transportation Management Asssociation ($1.6m) and Burlington West Burlington Area Development Foundation ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $103k (7.7% of expenses). Other salaries and wages came to $756k. At year end it held assets of $547k against liabilities of $411k, net assets of $136k. It reported 29 employees.