New England Financial Marketing Association Inc

Analysis

New England Financial Marketing Association Inc is a registered charity in United States, based in Westford, MA. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, New England Financial Marketing Association Inc reported income of $229k and spending of $235k, spending 103% of its income. Across the 5 years on record, from August 2020 to December 2023, income grew from $82k to $229k (+180%), an average of +29% a year. The sharpest change came in the year to December 2022, when income rose by 926%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, New England Financial Marketing Association Inc 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 57th percentile, and in the 60th percentile within MA. Charities of a similar size with the same main cause include Hamilton Flourishing ($229k), Montpelier Downtown Community Association ($229k) and Victoria Isd Education Foundation Inc ($229k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $124k against liabilities of $15k, net assets of $109k.