Northeast Conference

Analysis

Northeast Conference is a registered charity in United States, based in Bridgewater, NJ. It received its IRS tax-exemption ruling in March 1988, 38 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3).

In the financial year ending June 2023, Northeast Conference reported income of $8.7m and spending of $8.5m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.8m to $8.7m (+130%), an average of +23% a year. The sharpest change came in the year to June 2020, when income rose by 78%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northeast Conference sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within NJ. Charities of a similar size with the same main cause include Fond du Lac Lutheran Home Inc ($8.7m), Rescue Mission of Utica Inc ($8.7m) and The Armory Foundation ($8.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $476k (5.6% of expenses). Other salaries and wages came to $824k. At year end it held assets of $8.0m against liabilities of $2.6m, net assets of $5.4m. It reported 10 employees.