Northern New England School of Banking

Analysis

Northern New England School of Banking is a registered charity in United States, based in Montpelier, VT. It received its IRS tax-exemption ruling in August 1993, 33 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Northern New England School of Banking reported income of $189k and spending of $188k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $171k to $189k (+11%), an average of +10% a year. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Northern New England School of Banking sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 44th percentile within VT. Charities of a similar size with the same main cause include Rogue Artists Ensemble ($189k), Sacred Heart Area Historical Society ($189k) and Peripheral Vision PDX ($189k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $103k against liabilities of $0, net assets of $103k.