New England Association of Schools & Colleges Inc

Analysis

New England Association of Schools & Colleges Inc is a registered charity in United States, based in Lowell, MA. It received its IRS tax-exemption ruling in July 1944, 82 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 September 2023, New England Association of Schools & Colleges Inc reported income of $7.5m and spending of $7.3m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $8.0m to $7.5m (-5.9%), an average of -1.5% a year. The sharpest change came in the year to September 2021, when income rose by 19%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New England Association of Schools & Colleges Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include Feminist Majority Foundation ($7.5m), Big Brothers Big Sisters of Metro Atlanta Inc ($7.5m) and Byron Center Christian School ($7.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $958k (13% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $18.0m against liabilities of $7.6m, net assets of $10.4m. It reported 43 employees.