New England School of Metalwork

Analysis

New England School of Metalwork is a registered charity in United States, based in Auburn, ME. It received its IRS tax-exemption ruling in August 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New England School of Metalwork reported income of $669k and spending of $619k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $658k to $669k (+1.6%), an average of +0.4% a year. The sharpest change came in the year to December 2021, when income rose by 63%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New England School of Metalwork 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 74th percentile, and in the 70th percentile within ME. Charities of a similar size with the same main cause include California Charter Authorizing Professionals ($668k), Cresthaven Academy Foundation Inc ($669k) and Gcsen Foundation ($668k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $93k (15% of expenses). Other salaries and wages came to $159k. At year end it held assets of $1.3m against liabilities of $104k, net assets of $1.2m. It reported 5 employees.