Addiction Treatment Center of New England Inc

Analysis

Addiction Treatment Center of New England Inc is a registered charity in United States, based in Brighton, MA. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Addiction Treatment Center of New England Inc reported income of $6.6m and spending of $3.3m, leaving 50% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.3m to $6.6m (+190%), an average of +24% a year. The sharpest change came in the year to June 2024, when income rose by 95%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Addiction Treatment Center of New England Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include Foothills Food Bank ($6.5m), Habitat for Humanity International Inc ($6.6m) and Waldorf School Association of Boulder Inc ($6.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 58% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $253k (7.8% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $9.4m against liabilities of $2.5m, net assets of $7.0m. It reported 41 employees.