North Hill Needham Inc

Analysis

North Hill Needham Inc is a registered charity in United States, based in Needham, MA. It received its IRS tax-exemption ruling in February 1983, 43 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, North Hill Needham Inc reported income of $47.5m and spending of $50.4m, spending 106% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $40.6m to $47.5m (+17%), an average of +4.0% a year. The sharpest change came in the year to March 2022, when income rose by 17%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, North Hill Needham Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include Garden Spot Village ($47.5m), Franziska Racker Centers Inc ($47.6m) and Ozarks Food Harvest Inc ($47.5m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 0.3% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $439k (0.9% of expenses). Other salaries and wages came to $17.3m. At year end it held assets of $250.8m against liabilities of $301.2m, net assets of -$50.4m. It reported 484 employees.