Logo for "THE NEW ENGLAND COLLEGE OF OPTOMETRY"

THE NEW ENGLAND COLLEGE OF OPTOMETRY

THE NEW ENGLAND COLLEGE OF OPTOMETRY

BOSTON, MA, US
a.k.a NECO
501(c)(3)
EIN
04-1591060
School
Women Led
BIPOC Led
LGBTQ+ Led
Logo for "THE NEW ENGLAND COLLEGE OF OPTOMETRY"

THE NEW ENGLAND COLLEGE OF OPTOMETRY

BOSTON, MA, US
a.k.a NECO
501(c)(3)
EIN
04-1591060
School
Women Led
BIPOC Led
LGBTQ+ Led

Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2024

$30,831,292

Program Services
86%
Investments
7%
Other
3%
Contributions
3%
Government Grants
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024

$25,919,987

Salaries & Benefits
54%
Other
23%
Grants
7%
Offices, Occupancy & IT
5%
Fees to Service Providers
5%
Depreciation
5%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$887,457
$1,025,114
+16%
Government Grants
$117,803
$116,441
-1%
Fundraising Events
$0
$0
-
Program Services
$26,377,133
$26,439,536
+0%
Membership Dues
$0
$0
-
Investments
$1,860,998
$2,208,938
+19%
Other
$621,434
$1,041,263
+68%
Total Revenues
$29,864,825
$30,831,292
+3%
Expenses
2023
2024
Change
Grants
$1,621,408
$1,690,859
+4%
Benefits to Members
$0
$0
-
Salaries & Benefits
$13,659,050
$14,035,759
+3%
Fees to Service Providers
$1,939,274
$1,372,038
-29%
Advertising & Promotion
$50,113
$99,114
+98%
Offices, Occupancy & IT
$1,325,694
$1,384,136
+4%
Interest
$89,092
$75,364
-15%
Depreciation
$1,335,527
$1,367,853
+2%
Other
$5,314,002
$5,894,864
+11%
Total Expenses
$25,334,160
$25,919,987
+2%
Net income
2023
2024
Change
Net income
+$4,530,665
+$4,911,305
+8%
Functional Expenses
Summary
2023
2024
Change
Program
$18,378,821
$18,705,093
+2%
Admin
$6,149,405
$6,817,186
+11%
Fundraising
$805,934
$397,708
-51%
Total Expenses
$25,334,160
$25,919,987
+2%
Income Statement
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