North Shore Community Development Coalition Inc

Analysis

North Shore Community Development Coalition Inc is a registered charity in United States, based in Salem, MA. It received its IRS tax-exemption ruling in October 1980, 46 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, North Shore Community Development Coalition Inc reported income of $6.2m and spending of $7.1m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.2m to $6.2m (+97%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 73%. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, North Shore Community Development Coalition Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include Valley Residential Services ($6.2m), CCRC Development Corporation ($6.2m) and Socayr Inc ($6.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $212k (3.0% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $41.5m against liabilities of $33.9m, net assets of $7.7m.