New England Fuel Institute Education Foundation Inc

Analysis

New England Fuel Institute Education Foundation Inc is a registered charity in United States, based in Wilmington, MA. It received its IRS tax-exemption ruling in December 1984, 42 years ago. 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 Fuel Institute Education Foundation Inc reported income of $60k and spending of $89k, spending 148% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $209k to $60k (-71%), an average of -27% a year. The sharpest change came in the year to December 2022, when income dropped by 69%. Over the whole period it spent 171% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New England Fuel Institute Education Foundation Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 32nd percentile within MA. Charities of a similar size with the same main cause include National Ambucs Inc ($60k), Friendly Institution of the City of Burlington ($60k) and Truth for Today Inc ($60k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 3.6% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.