New England Buying Consortium Incorporated

Analysis

New England Buying Consortium Incorporated is a registered charity in United States, based in Holyoke, MA. It received its IRS tax-exemption ruling in May 1993, 33 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, New England Buying Consortium Incorporated reported income of $133k and spending of $134k, spending 100% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $78k to $133k (+71%), an average of +31% a year. The sharpest change came in the year to June 2023, when income rose by 38%. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, New England Buying Consortium Incorporated sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 50th percentile within MA. Charities of a similar size with the same main cause include Independence Village Inc ($133k), Spruce Street House of Hope Inc ($133k) and First Richland Morrow Housing Inc IX ($133k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 0.2% and program service revenue 80% of the total. At year end it held assets of $39k against liabilities of $0, net assets of $39k.

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.