Epilepsy Foundation New England Inc

Analysis

Epilepsy Foundation New England Inc is a registered charity in United States, based in Lowell, MA. It received its IRS tax-exemption ruling in June 1984, 42 years ago. 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 2024, Epilepsy Foundation New England Inc reported income of $7.4m and spending of $6.5m, spending 88% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $5.4m to $7.4m (+35%), an average of +7.8% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Epilepsy Foundation New England 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 Churchill Center and School for Learning Disabilities ($7.4m), South Plains College Foundation ($7.4m) and Triple C Housing Inc ($7.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 34% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $548k (8.5% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $13.9m against liabilities of $1.6m, net assets of $12.3m. It reported 125 employees.