New England Masters Study Club

Analysis

New England Masters Study Club is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in November 1996, 30 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, New England Masters Study Club reported income of $57k and spending of $88k, spending 153% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $51k to $57k (+12%), an average of +12% a year. Over the whole period it spent 128% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, New England Masters Study Club sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 15th percentile within ME. Charities of a similar size with the same main cause include Knewjoy ($57k), Retrouvaille Rediscovery of Louisiana Inc ($57k) and Behavioral Institute for Children and Adolescents ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $57k against liabilities of $0, net assets of $57k.