New England College
New England College reports a $4.5 million deficit in its latest fiscal period, following a trend of declining revenue and assets.
EIN: 20223955 · Henniker, NH · NTEE: B420 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $101.0M |
| Total Expenses | $78.6M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $74 |
| Net Assets | $56.0M |
| Transparency Score | 70/100 |
Is New England College Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New England College directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New England College
New England College (EIN: 20223955) is a nonprofit organization based in Henniker, NH, classified under NTEE code B420. The organization reported total revenue of $101.0M and total assets of $93.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New England College's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New England College is a major nonprofit that has been operating for 77 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 5.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $74.1M |
| Total Expenses | $78.6M |
| Surplus / Deficit | $-4,504,717 |
| Total Assets | $90.6M |
| Total Liabilities | $34.6M |
| Net Assets | $56.0M |
| Operating Margin | -6.1% |
| Debt-to-Asset Ratio | 38.2% |
| Months of Reserves | 13.8 months |
Financial Health Grade: B
In 2023, New England College reported a deficit of $4.5M with expenses exceeding revenue, holds 13.8 months of operating reserves (strong position), has a debt-to-asset ratio of 38.2% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), New England College's revenue has grown at a compound annual growth rate (CAGR) of 5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.9% | +0.4% | -5.8% |
| 2022 | -6.7% | -9.7% | -7.0% |
| 2021 | +5.9% | +3.7% | +6.5% |
| 2020 | +23.2% | +28.0% | +4.8% |
| 2019 | +8.2% | +7.3% | +58.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1949 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New England College with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, New England College allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 38.2%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, which is unusual for an organization of this size with over $74 million in annual revenue and $90 million in assets. This either indicates that executive compensation is not reported under this specific line item or that officers are not compensated, which would be highly atypical for a college.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of New England College's IRS 990 filings:
- Deficit spending in the latest fiscal period (202306 expenses exceeded revenue by $4.5 million).
- Declining revenue trend from a peak of $90.2 million in 202106 to $74.1 million in 202306.
- Declining asset base from $103.4 million in 202106 to $90.6 million in 202306.
- Unusual reporting of 0% officer compensation across all filings, warranting further scrutiny.
Strengths
The following positive indicators were identified for New England College:
- Long operational history with 12 years of filing data provided.
- Substantial asset base of over $90 million, providing financial stability.
- Historically strong revenue generation, exceeding $100 million in the latest reported revenue figure (though this conflicts with the 202306 filing data provided, which shows $74.1 million).
Frequently Asked Questions about New England College
Is New England College a legitimate charity?
Based on AI analysis of IRS 990 filings, New England College (EIN: 20223955) some concerns. Mission Score: 70/100. 4 red flags identified, 3 strengths noted.
How does New England College spend its money?
New England College directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New England College tax-deductible?
New England College is registered as a tax-exempt nonprofit (EIN: 20223955). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the New England College CEO make?
New England College's highest-compensated officer earns $74 annually. The organization reported $101.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of New England College's spending goes to programs?
New England College directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New England College compare to similar nonprofits?
With a transparency score of 70/100 (Good), New England College is above average for NTEE category B420 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New England College located?
New England College is headquartered in Henniker, New Hampshire and files with the IRS under EIN 20223955. It is classified under NTEE code B420.
How many years of IRS 990 filings does New England College have?
New England College has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $101.0M in total revenue.
Is New England College a good charity?
As an educational institution (NTEE B420), New England College's primary 'charitable' activity is providing education. Its financial health shows some recent challenges with a deficit in the latest period, but it has substantial assets and a long operating history. The 0% officer compensation reported is a significant data point that requires further clarification to fully assess financial management.
Why is officer compensation reported as 0%?
The consistent reporting of 0% for officer compensation across all available filings is highly unusual for an organization of New England College's scale. This could mean that compensation for key executives is reported under different expense categories, or that the specific 'officer compensation' line item on the 990 is not being used for their salaries. Further investigation into the detailed expense breakdowns would be necessary to understand executive remuneration.
What caused the deficit in the 202306 period?
In the 202306 period, New England College reported expenses of $78,629,375 against revenues of $74,124,658, resulting in a deficit of approximately $4.5 million. The specific causes are not detailed in the provided summary data, but could be due to declining enrollment, increased operating costs, or reduced funding sources. This marks a shift from previous years where revenue generally exceeded expenses.
Filing History
IRS 990 filing history for New England College showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), New England College's revenue has grown by 72%, moving from $43.1M to $74.1M. Total assets increased by 206.1% over the same period, from $29.6M to $90.6M. Total functional expenses rose by 91.6%, from $41.0M to $78.6M. In its most recent filing year (2023), New England College reported a deficit of $4.5M, with expenses exceeding revenue. The organization holds $34.6M in liabilities against $90.6M in assets (debt-to-asset ratio: 38.2%), resulting in net assets of $56.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $74.1M | $78.6M | $90.6M | $34.6M | — | View 990 |
| 2022 | $84.1M | $78.3M | $96.2M | $37.8M | — | View 990 |
| 2021 | $90.2M | $86.7M | $103.5M | $40.1M | — | View 990 |
| 2020 | $85.2M | $83.6M | $97.1M | $41.9M | — | View 990 |
| 2019 | $69.2M | $65.3M | $92.7M | $37.6M | — | View 990 |
| 2018 | $63.9M | $60.9M | $58.6M | $19.3M | — | View 990 |
| 2017 | $56.2M | $54.3M | $54.5M | $18.6M | — | View 990 |
| 2016 | $52.5M | $49.4M | $52.7M | $19.7M | — | View 990 |
| 2015 | $49.4M | $45.2M | $42.6M | $12.5M | — | View 990 |
| 2014 | $45.9M | $44.3M | $35.3M | $9.2M | — | View 990 |
| 2013 | $43.7M | $42.7M | $32.4M | $8.9M | — | View 990 |
| 2012 | $43.1M | $41.0M | $29.6M | $8.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $74.1M, expenses of $78.6M, and assets of $90.6M (revenue -11.9% year-over-year).
- 2022: Revenue of $84.1M, expenses of $78.3M, and assets of $96.2M (revenue -6.7% year-over-year).
- 2021: Revenue of $90.2M, expenses of $86.7M, and assets of $103.5M (revenue +5.9% year-over-year).
- 2020: Revenue of $85.2M, expenses of $83.6M, and assets of $97.1M (revenue +23.2% year-over-year).
- 2019: Revenue of $69.2M, expenses of $65.3M, and assets of $92.7M (revenue +8.2% year-over-year).
- 2018: Revenue of $63.9M, expenses of $60.9M, and assets of $58.6M (revenue +13.6% year-over-year).
- 2017: Revenue of $56.2M, expenses of $54.3M, and assets of $54.5M (revenue +7.2% year-over-year).
- 2016: Revenue of $52.5M, expenses of $49.4M, and assets of $52.7M (revenue +6.3% year-over-year).
- 2015: Revenue of $49.4M, expenses of $45.2M, and assets of $42.6M (revenue +7.6% year-over-year).
- 2014: Revenue of $45.9M, expenses of $44.3M, and assets of $35.3M (revenue +4.9% year-over-year).
- 2013: Revenue of $43.7M, expenses of $42.7M, and assets of $32.4M (revenue +1.5% year-over-year).
- 2012: Revenue of $43.1M, expenses of $41.0M, and assets of $29.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New England College:
Data Sources and Methodology
This transparency report for New England College is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.