North Star Foundation Inc

Analysis

North Star Foundation Inc is a registered charity in United States, based in Norwood, MA. It received its IRS tax-exemption ruling in November 1998, 28 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 Star Foundation Inc reported income of $3.6m and spending of $4.2m, spending 119% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $8.5m to $3.6m (-58%), an average of -16% a year. The sharpest change came in the year to December 2022, when income dropped by 35%. Over the whole period it spent 100% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, North Star Foundation Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MA. Charities of a similar size with the same main cause include Hands Together Inc ($3.6m), Save Venice Inc ($3.6m) and Shift Project Ltd ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $278k (6.6% of expenses). Other salaries and wages came to $30k. At year end it held assets of $2.2m against liabilities of $124k, net assets of $2.1m.