New England Commission of Higher Education Inc

Analysis

New England Commission of Higher Education Inc is a registered charity in United States, based in Wakefield, MA. It received its IRS tax-exemption ruling in September 2017, 9 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 September 2023, New England Commission of Higher Education Inc reported income of $5.2m and spending of $3.7m, leaving 29% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.3m to $5.2m (+23%), an average of +5.2% a year. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New England Commission of Higher Education Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MA. Charities of a similar size with the same main cause include Ilead Online Charter School ($5.2m), Greenville Presbyterian Theological Seminary ($5.2m) and Weatherford Christian School ($5.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.1% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $1.8m (47% of expenses). Other salaries and wages came to $357k. At year end it held assets of $9.9m against liabilities of $1.9m, net assets of $8.0m. It reported 11 employees.