New England Employee Benefits Council Inc

Analysis

New England Employee Benefits Council Inc is a registered charity in United States, based in Concord, MA. It received its IRS tax-exemption ruling in May 1981, 45 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 Employee Benefits Council Inc reported income of $813k and spending of $766k, spending 94% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $776k to $813k (+4.8%), an average of +1.6% a year. The sharpest change came in the year to December 2023, when income rose by 63%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New England Employee Benefits Council Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MA. Charities of a similar size with the same main cause include Greater Akron Musical Asociation Foundation ($813k), St Bernard Manor III ($813k) and United Way of Greater Texarkana ($813k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $165k (22% of expenses). Other salaries and wages came to $179k. At year end it held assets of $579k against liabilities of $145k, net assets of $434k. It reported 4 employees.