Friends of Northshore Education Consortium Inc

Analysis

Friends of Northshore Education Consortium Inc is a registered charity in United States, based in Beverly, MA. It received its IRS tax-exemption ruling in November 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends of Northshore Education Consortium Inc reported income of $579k and spending of $294k, leaving 49% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $271k to $579k (+114%), an average of +21% a year. The sharpest change came in the year to June 2023, when income rose by 236%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Northshore Education Consortium Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within MA. Charities of a similar size with the same main cause include Womens Institute for a Secure Retirement ($579k), Logan County High School Cougar Foundation Incorporated ($579k) and Fund for Partnership for Success ($579k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $633k against liabilities of $0, net assets of $633k.