New England Sci-Tech Inc

Analysis

New England Sci-Tech Inc is a registered charity in United States, based in Natick, MA. It received its IRS tax-exemption ruling in August 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Sci-Tech Inc reported income of $100k and spending of $167k, spending 166% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $146k to $100k (-31%), an average of -31% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 117% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New England Sci-Tech Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 44th percentile within MA. Charities of a similar size with the same main cause include Gift of Life 5340 Foundation ($100k), Community Cupboard Inc ($100k) and Society of St Vincent de Paul Queen of Angels Conference ($100k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 18% of the total. At year end it held assets of $14k against liabilities of $126k, net assets of -$112k.