North Shore Community Action Programs Inc

Analysis

North Shore Community Action Programs Inc is a registered charity in United States, based in Peabody, MA. It received its IRS tax-exemption ruling in November 1976, 50 years ago. 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 September 2023, North Shore Community Action Programs Inc reported income of $11.6m and spending of $11.7m, spending 101% of its income. Across the 5 years on record, from June 2019 to September 2023, income grew from $10.4m to $11.6m (+11%), an average of +2.7% a year. The sharpest change came in the year to September 2022, when income rose by 19%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Shore Community Action Programs Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include St Andre Health Care Facility ($11.5m), Recovery Resource Council ($11.6m) and East Harlem Tutorial Program Inc ($11.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $241k (2.1% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $3.5m against liabilities of $2.9m, net assets of $611k. It reported 113 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.