New England Homes for the Deaf Inc

Analysis

New England Homes for the Deaf Inc is a registered charity in United States, based in Danvers, MA. It received its IRS tax-exemption ruling in January 2003, 23 years ago. 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, New England Homes for the Deaf Inc reported income of $6.9m and spending of $7.3m, spending 106% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $5.2m to $6.9m (+34%), an average of +6.1% a year. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New England Homes for the Deaf Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include The Economic Club of Washington DC ($6.9m), Boys & Girls Clubs of the Coastal Plain Inc ($6.9m) and McEachern Endowment Fund Inc ($6.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.9% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $142k (1.9% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $9.0m against liabilities of $3.7m, net assets of $5.3m. It reported 130 employees.