New England Educational Opportunity Association

Analysis

New England Educational Opportunity Association is a registered charity in United States, based in Gardner, MA. It received its IRS tax-exemption ruling in August 1987, 39 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 August 2023, New England Educational Opportunity Association reported income of $208k and spending of $230k, spending 111% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income grew from $175k to $208k (+19%), an average of +19% a year. The sharpest change came in the year to August 2023, when income rose by 19%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New England Educational Opportunity Association sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 58th percentile within MA. Charities of a similar size with the same main cause include 1st Infantry Division Foundation ($208k), Otherworld Media Inc ($208k) and Friends of Corpus Christi Holy Rosary School TR ($208k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 9.3% and program service revenue 87% of the total. At year end it held assets of $328k against liabilities of $2,500, net assets of $325k.