University Of New England
University of New England shows consistent revenue growth and healthy asset accumulation over the past decade.
EIN: 10211810 · Biddeford, ME · NTEE: B430 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $394.8M |
| Total Expenses | $240.9M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $280 |
| Net Assets | $517.7M |
| Transparency Score | 75/100 |
Is University Of New England Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
University Of New England directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About University Of New England
University Of New England (EIN: 10211810) is a nonprofit organization based in Biddeford, ME, classified under NTEE code B430. The organization reported total revenue of $394.8M and total assets of $788.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of University Of New England's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
University Of New England is a major nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $282.1M |
| Total Expenses | $240.9M |
| Surplus / Deficit | +$41.2M |
| Total Assets | $727.1M |
| Total Liabilities | $209.4M |
| Net Assets | $517.7M |
| Operating Margin | 14.6% |
| Debt-to-Asset Ratio | 28.8% |
| Months of Reserves | 36.2 months |
Financial Health Grade: A
In 2023, University Of New England reported a surplus of $41.2M with revenue exceeding expenses, holds 36.2 months of operating reserves (strong position), has a debt-to-asset ratio of 28.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), University Of New England's revenue has grown at a compound annual growth rate (CAGR) of 4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.4% | +5.3% | +6.0% |
| 2022 | -0.9% | +1.1% | +11.9% |
| 2021 | +1.6% | -3.1% | +9.5% |
| 2020 | -2.2% | -0.6% | +6.3% |
| 2019 | +2.6% | +1.8% | +0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1997 |
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 University Of New England with a Mission Score of 75 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, University Of New England allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 surplus of $41.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 28.8%.
Executive Compensation Analysis
The provided data consistently reports 'Officer Comp=0%' across all filing periods, which is highly improbable for an institution with revenues exceeding $280 million. This suggests that executive compensation may be reported under different categories or that the summary data provided does not capture the full picture of compensation for key management personnel.
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 University Of New England's IRS 990 filings:
- Unusual reporting of 'Officer Comp=0%' for a large institution, suggesting a lack of detailed executive compensation transparency in the provided summary data.
Strengths
The following positive indicators were identified for University Of New England:
- Consistent revenue growth over the past decade, from $206,263,414 in 201405 to $282,092,734 in 202305.
- Healthy financial surpluses in all reported periods, indicating sound financial management (e.g., $41,208,149 surplus in 202305).
- Significant growth in total assets, more than doubling from $318,212,861 in 201405 to $727,087,320 in 202305.
- Strong asset base relative to liabilities, indicating good long-term financial health.
Frequently Asked Questions about University Of New England
Is University Of New England a legitimate charity?
Based on AI analysis of IRS 990 filings, University Of New England (EIN: 10211810) some concerns. Mission Score: 75/100. 1 red flag identified, 4 strengths noted.
How does University Of New England spend its money?
University Of New England directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to University Of New England tax-deductible?
University Of New England is registered as a tax-exempt nonprofit (EIN: 10211810). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the University Of New England CEO make?
University Of New England's highest-compensated officer earns $280 annually. The organization reported $394.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of University Of New England's spending goes to programs?
University Of New England directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does University Of New England compare to similar nonprofits?
With a transparency score of 75/100 (Good), University Of New England is above average for NTEE category B430 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is University Of New England located?
University Of New England is headquartered in Biddeford, Maine and files with the IRS under EIN 10211810. It is classified under NTEE code B430.
How many years of IRS 990 filings does University Of New England have?
University Of New England has 13 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 $394.8M in total revenue.
How does the University of New England manage to report 0% officer compensation?
The consistent reporting of 'Officer Comp=0%' across all filings for an organization of this size ($282M revenue in 202305) is highly unusual and likely indicates that executive compensation is either reported under different categories within the full 990 form (e.g., salaries and wages for all employees) or that the summary data provided is incomplete regarding specific officer compensation.
Is the University of New England financially stable?
Yes, the University of New England appears financially stable. It has consistently generated surpluses, with revenues exceeding expenses in all reported periods (e.g., $282,092,734 revenue vs. $240,884,585 expenses in 202305), and has shown significant growth in assets from $318,212,861 in 201405 to $727,087,320 in 202305.
What is the trend in the university's assets and liabilities?
The university's assets have shown a strong upward trend, more than doubling from $318,212,861 in 201405 to $727,087,320 in 202305. Liabilities have also increased but at a slower rate, from $146,299,631 in 201405 to $209,378,858 in 202305, indicating a healthy growth in net assets.
Filing History
IRS 990 filing history for University Of New England showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), University Of New England's revenue has grown by 74.3%, moving from $161.8M to $282.1M. Total assets increased by 180.5% over the same period, from $259.2M to $727.1M. Total functional expenses rose by 61.8%, from $148.9M to $240.9M. In its most recent filing year (2023), University Of New England reported a surplus of $41.2M, with revenue exceeding expenses. The organization holds $209.4M in liabilities against $727.1M in assets (debt-to-asset ratio: 28.8%), resulting in net assets of $517.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $282.1M | $240.9M | $727.1M | $209.4M | — | View 990 |
| 2022 | $270.2M | $228.9M | $685.6M | $209.1M | — | View 990 |
| 2021 | $272.6M | $226.4M | $613.0M | $168.4M | — | View 990 |
| 2020 | $268.3M | $233.7M | $559.6M | $170.2M | — | View 990 |
| 2019 | $274.4M | $235.0M | $526.6M | $172.2M | — | View 990 |
| 2018 | $267.3M | $231.0M | $525.4M | $204.9M | — | View 990 |
| 2017 | $260.1M | $216.8M | $472.0M | $186.7M | — | View 990 |
| 2016 | $241.6M | $201.2M | $377.2M | $139.3M | — | View 990 |
| 2015 | $220.3M | $189.1M | $346.1M | $144.7M | — | View 990 |
| 2014 | $206.3M | $182.3M | $318.2M | $146.3M | — | View 990 |
| 2013 | $184.7M | $165.9M | $293.2M | $147.8M | — | View 990 |
| 2012 | $176.4M | $159.4M | $273.8M | $151.0M | — | View 990 |
| 2011 | $161.8M | $148.9M | $259.2M | $150.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $282.1M, expenses of $240.9M, and assets of $727.1M (revenue +4.4% year-over-year).
- 2022: Revenue of $270.2M, expenses of $228.9M, and assets of $685.6M (revenue -0.9% year-over-year).
- 2021: Revenue of $272.6M, expenses of $226.4M, and assets of $613.0M (revenue +1.6% year-over-year).
- 2020: Revenue of $268.3M, expenses of $233.7M, and assets of $559.6M (revenue -2.2% year-over-year).
- 2019: Revenue of $274.4M, expenses of $235.0M, and assets of $526.6M (revenue +2.6% year-over-year).
- 2018: Revenue of $267.3M, expenses of $231.0M, and assets of $525.4M (revenue +2.8% year-over-year).
- 2017: Revenue of $260.1M, expenses of $216.8M, and assets of $472.0M (revenue +7.6% year-over-year).
- 2016: Revenue of $241.6M, expenses of $201.2M, and assets of $377.2M (revenue +9.7% year-over-year).
- 2015: Revenue of $220.3M, expenses of $189.1M, and assets of $346.1M (revenue +6.8% year-over-year).
- 2014: Revenue of $206.3M, expenses of $182.3M, and assets of $318.2M (revenue +11.6% year-over-year).
- 2013: Revenue of $184.7M, expenses of $165.9M, and assets of $293.2M (revenue +4.7% year-over-year).
- 2012: Revenue of $176.4M, expenses of $159.4M, and assets of $273.8M (revenue +9.0% year-over-year).
- 2011: Revenue of $161.8M, expenses of $148.9M, and assets of $259.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for University Of New England:
Data Sources and Methodology
This transparency report for University Of New England 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.