National Association for Communitycollege Entrepreneurship Inc

Analysis

National Association for Communitycollege Entrepreneurship Inc is a registered charity in United States, based in Westfield, MA. It received its IRS tax-exemption ruling in January 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, National Association for Communitycollege Entrepreneurship Inc reported income of $16.5m and spending of $9.3m, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.0m to $16.5m (+135%), an average of +24% a year. The sharpest change came in the year to December 2021, when income rose by 344%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, National Association for Communitycollege Entrepreneurship Inc 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 97th percentile, and in the 96th percentile within MA. Charities of a similar size with the same main cause include Denver Scholarship Foundation ($16.5m), Hopeful Journeys Educational Center Inc ($16.5m) and Omega Institute for Holistic Studies Inc ($16.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.4% of the total. Compensation of current officers, directors and key employees was $206k (2.2% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $13.3m against liabilities of $338k, net assets of $12.9m. It reported 9 employees.