Northeast Employment & Training Orgainzation Inc

Analysis

Northeast Employment & Training Orgainzation Inc is a registered charity in United States, based in Newport, VT. It received its IRS tax-exemption ruling in March 1980, 46 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 March 2024, Northeast Employment & Training Orgainzation Inc reported income of $5.5m and spending of $5.3m, spending 97% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $3.1m to $5.5m (+76%), an average of +15% a year. The sharpest change came in the year to March 2023, when income rose by 44%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Northeast Employment & Training Orgainzation Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within VT. Charities of a similar size with the same main cause include Amara ($5.4m), YMCA of Greater Whittier ($5.5m) and Trinity Credit Counseling Inc ($5.4m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $48k (0.9% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $2.1m against liabilities of $582k, net assets of $1.6m. It reported 43 employees.