New England Aftercare Ministries Inc

Analysis

New England Aftercare Ministries Inc is a registered charity in United States, based in Framingham, MA. It received its IRS tax-exemption ruling in December 1985, 41 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 2023, New England Aftercare Ministries Inc reported income of $1.7m and spending of $1.6m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.7m (+49%), an average of +10% a year. The sharpest change came in the year to June 2020, when income rose by 25%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New England Aftercare Ministries Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MA. Charities of a similar size with the same main cause include Alliance for Youth Inc ($1.7m), Freedom River Inc ($1.7m) and D C Rape Crisis Center ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $89k (5.5% of expenses). Other salaries and wages came to $759k. At year end it held assets of $1.2m against liabilities of $386k, net assets of $780k. It reported 19 employees.