New Sector Alliance Inc

Analysis

New Sector Alliance Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 August 2023, New Sector Alliance Inc reported income of $1.9m and spending of $492k, leaving 74% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $411k to $1.9m (+367%), an average of +47% a year. The sharpest change came in the year to August 2023, when income rose by 381%. Over the whole period it spent 59% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, New Sector Alliance Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within MA. Charities of a similar size with the same main cause include Winona County Developmental Achievement Center Inc ($1.9m), Dimension Mill Inc ($1.9m) and Central New York Jatc for the Electrical Industry ($1.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $127k (26% of expenses). Other salaries and wages came to $24k. At year end it held assets of $1.8m against liabilities of $19k, net assets of $1.8m. It reported 2 employees.