New England Transfer Association Inc

Analysis

New England Transfer Association Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in December 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, New England Transfer Association Inc reported income of $75k and spending of $63k, spending 84% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $47k to $75k (+60%), an average of +27% a year. The sharpest change came in the year to June 2024, when income rose by 59%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New England Transfer Association Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 37th percentile within MA. Charities of a similar size with the same main cause include Vidyarambam USA ($75k), Alpha Rho Boule Foundation Inc ($75k) and Peter Manzon Scholarship Corp ($75k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 9.4% and program service revenue 65% of the total. At year end it held assets of $64k against liabilities of $0, net assets of $64k.