Eastern Nazarene College

Analysis

Eastern Nazarene College is a registered charity in United States, based in Wollaston, MA. It received its IRS tax-exemption ruling in November 1946, 80 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, Eastern Nazarene College reported income of $22.6m and spending of $27.2m, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $27.6m to $22.6m (-18%), an average of -4.9% a year. The sharpest change came in the year to June 2023, when income dropped by 22%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Eastern Nazarene College sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MA. Charities of a similar size with the same main cause include American Indian Model Schools ($22.6m), Athens Academy Inc ($22.6m) and Cottey College ($22.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 81% of the total. Other salaries and wages came to $8.1m. At year end it held assets of $41.8m against liabilities of $19.4m, net assets of $22.3m. It reported 565 employees.