Collaborative for Regional Educational Services and Training

Analysis

Collaborative for Regional Educational Services and Training is a registered charity in United States, based in Andover, MA. It received its IRS tax-exemption ruling in May 2001, 25 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, Collaborative for Regional Educational Services and Training reported income of $25.1m and spending of $23.8m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $18.7m to $25.1m (+34%), an average of +7.6% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Collaborative for Regional Educational Services and Training sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MA. Charities of a similar size with the same main cause include Roger Williams University School of Law ($25.0m), North Carolina for Quality Virtual Education ($25.1m) and Auxiliary Services State University College at Oswego Inc ($25.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.7% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $338k (1.4% of expenses). Other salaries and wages came to $15.3m. At year end it held assets of $29.5m against liabilities of $25.4m, net assets of $4.0m. It reported 432 employees.