Education Alliance for New Hampshire

Analysis

Education Alliance for New Hampshire is a registered charity in United States, based in Concord, NH. It received its IRS tax-exemption ruling in July 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Education Alliance for New Hampshire reported income of $2.1m and spending of $2.1m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $2.1m (+23%), an average of +5.2% a year. The sharpest change came in the year to June 2023, when income rose by 42%. 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, Education Alliance for New Hampshire sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within NH. Charities of a similar size with the same main cause include New Hampshire Learning Initiative Inc ($2.1m), Brooklyn College Association Inc ($2.1m) and Three Rivers Montessori ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $18k (0.9% of expenses). Other salaries and wages came to $424k. At year end it held assets of $6.5m against liabilities of $6.1m, net assets of $423k. It reported 8 employees.