New England Trade Adjustment Assistance Center Inc

Analysis

New England Trade Adjustment Assistance Center Inc is a registered charity in United States, based in N Billerica, MA. It received its IRS tax-exemption ruling in March 1982, 44 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, New England Trade Adjustment Assistance Center Inc reported income of $1.1m and spending of $1.1m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.3m to $1.1m (-21%), an average of -5.7% a year. The sharpest change came in the year to June 2021, when income rose by 77%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New England Trade Adjustment Assistance Center Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MA. Charities of a similar size with the same main cause include Hillel the Foundation for Jewish Campus Life ($1.1m), Chicanos Por LA Causa Permanent Fund Trust Agreement ($1.1m) and The North Rome Christian School Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Other salaries and wages came to $331k. At year end it held assets of $48k against liabilities of $26k, net assets of $22k. It reported 4 employees.