New England College

Analysis

New England College is a registered charity in United States, based in Henniker, NH. It received its IRS tax-exemption ruling in June 1949, 77 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, New England College reported income of $74.1m and spending of $78.6m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $69.2m to $74.1m (+7.2%), an average of +1.7% a year. The sharpest change came in the year to June 2020, when income rose by 23%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New England College sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NH. Charities of a similar size with the same main cause include Chaminade University of Honolulu ($74.1m), Concordia University ($74.3m) and The Nueva School ($74.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.2% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $1.1m (1.4% of expenses). Other salaries and wages came to $21.7m. At year end it held assets of $90.6m against liabilities of $34.6m, net assets of $56.0m. It reported 863 employees.