Northeast Placement Services Inc

Analysis

Northeast Placement Services Inc is a registered charity in United States, based in South Woodstock, CT. It received its IRS tax-exemption ruling in March 1987, 39 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Northeast Placement Services Inc reported income of $5.0m and spending of $4.9m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.1m to $5.0m (+22%), an average of +5.1% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Northeast Placement Services Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within CT. Charities of a similar size with the same main cause include Good Counsel Inc ($5.0m), Lighthouse Central Florida Inc ($5.0m) and Concerned Home Managers for the Elderly Inc ($5.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.1% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $98k (2.0% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $2.4m against liabilities of $2.2m, net assets of $156k. It reported 106 employees.