New England College
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$82,035,491
Program Services
93%
Contributions
4%
Other
2%
Government Grants
1%
Investments
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2025
$83,742,711
Salaries & Benefits
35%
Grants
34%
Other
8%
Offices, Occupancy & IT
8%
Fees to Service Providers
8%
Depreciation
3%
Advertising & Promotion
3%
Interest
1%
Benefits to Members
0%
Revenues
2024
2025
Change
Contributions
$4,398,936
$2,891,289
-34%
Government Grants
$6,441,434
$1,056,063
-84%
Fundraising Events
$12,370
$12,270
-1%
Program Services
$69,176,279
$76,054,750
+10%
Membership Dues
$0
$0
-
Investments
$791,284
$710,789
-10%
Other
$197,995
$1,310,330
+562%
Total Revenues
$81,018,298
$82,035,491
+1%
Expenses
2024
2025
Change
Grants
$25,406,355
$28,880,567
+14%
Benefits to Members
$0
$0
-
Salaries & Benefits
$27,568,930
$29,473,783
+7%
Fees to Service Providers
$6,073,687
$6,434,327
+6%
Advertising & Promotion
$1,820,034
$2,182,607
+20%
Offices, Occupancy & IT
$6,413,531
$6,436,473
+0%
Interest
$889,669
$874,821
-2%
Depreciation
$3,094,491
$2,727,438
-12%
Other
$5,922,648
$6,732,695
+14%
Total Expenses
$77,189,345
$83,742,711
+8%
Net income
2024
2025
Change
Net income
+$3,828,953
-$1,707,220
-145%
Functional Expenses
Summary
2024
2025
Change
Program
$64,935,904
$70,835,224
+9%
Admin
$11,578,625
$12,246,098
+6%
Fundraising
$674,816
$661,389
-2%
Total Expenses
$77,189,345
$83,742,711
+8%
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