Northern Essex Community College Foundation Inc

Analysis

Northern Essex Community College Foundation Inc is a registered charity in United States, based in Haverhill, MA. It received its IRS tax-exemption ruling in August 1982, 44 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 June 2023, Northern Essex Community College Foundation Inc reported income of $2.3m and spending of $1.2m, leaving 47% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.4m to $2.3m (+61%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 83%. Over the whole period it spent 43% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northern Essex Community College Foundation Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include Duluth Bethel Society ($2.3m), New York Military Academy ($2.3m) and Legacy Youth Leadership International ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $9.6m against liabilities of $21k, net assets of $9.6m.