Twelve Step Education Program of New England Inc

Analysis

Twelve Step Education Program of New England Inc is a registered charity in United States, based in Billerica, MA. It received its IRS tax-exemption ruling in September 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Twelve Step Education Program of New England Inc reported income of $769k and spending of $850k, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $729k to $769k (+5.5%), an average of +1.3% a year. The sharpest change came in the year to June 2023, when income rose by 31%. Over the whole period it spent 122% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Twelve Step Education Program of New England Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MA. Charities of a similar size with the same main cause include Interfaith Ministries of Wichita Falls Inc ($769k), Zomi Innkuan USA Inc ($769k) and Touching Families Inc ($769k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $48k (5.7% of expenses). Other salaries and wages came to $128k. At year end it held assets of $267k against liabilities of $242k, net assets of $24k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.