Northgate Residents Owbership Corporation

Analysis

Northgate Residents Owbership Corporation is a registered charity in United States, based in Burlington, VT. It received its IRS tax-exemption ruling in August 1989, 37 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Northgate Residents Owbership Corporation reported income of $293k and spending of $0, leaving 100% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $279k to $293k (+4.7%), an average of +1.2% a year. The sharpest change came in the year to December 2022, when income rose by 58%. Over the whole period it spent 0.0% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Northgate Residents Owbership Corporation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 53rd percentile within VT. Charities of a similar size with the same main cause include Colonel R M Baker Home for Retired Ministers ($292k), Dotties House Inc ($293k) and Athens Resource Center for the Homeless ($292k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 84% of the total. At year end it held assets of $3.3m against liabilities of $0, net assets of $3.3m.